Net income surged 36% to $8,757,000 from $6,417,000 in the third quarter ended Oct. 28 driven by +1.5% comp store sales including e-commerce, lapping a 4.4% increase in Q3 last year, as total sales inched up to $152,824,000 from $152,106,000. Store comps were up low-single digits with traffic continuing to improve, but online sales were just above flat as the web site shifted to a new back end. Through Cyber Monday, Q4 comps are up low-dingle digits and TLYS expects comps to maintain that pace through the quarter driving net income of $0.22 to $0.26 per share ($7 million).

Despite some ... Log in to view full article.