Net income jumped 140% to $208,074,000 in the fiscal second quarter ended Aug. 1 from $86,801,000 last year, on 61% higher revenues of $1,450,618,000 against $902,942,000 that were also up 64% from 2019. Most of the improvement came from stores, where sales increased 142% to $695.1 million, lapping last year’s closures and operating hour and traffic limits, and productivity returned to 2019 levels. Direct-to-consumer e-commerce sales still eked out an 8% improvement to $597.4 million, following last year’s 157% increase, accounting for 41.2% of total revenue compared to 61.4% in Q2 ‘20.

On a two-year CAGR from 2019, total revenues increased ... Log in to view full article.