Net income increased 339% to $44,212,000 in the second quarter from $10,060,000 last year on revenues that were up 11% to $332,230,000 from $300,794,000. Comps were up 11.4% over the prior year and 25.5% up over Q2 ’19, while product margins expanded more than 1,100 b.p. over ’20 and more than 1,000 b.p. over ’19. E-commerce sales were up 140% over ’19, with product margin up 1,500 b.p. While Q2 comparison figures were not available, year-to-date the channel has declined 18% over the prior year as it laps triple-digit surges (+332% in Q2 ’20).
Stores saw all categories comp up double ... Log in to view full article.