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Article: Saks earnings up compared with a year ago
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- May 21, 2003
CopyrightCopyright 2003 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Saks earnings up compared with a year ago, but sales figures down
Associated Press
Wednesday, May 21, 2003
Birmingham, Ala. -- Retailer Saks Inc. swung to a profit for its
first fiscal quarter, compared with a loss a year ago.
The Birmingham, Ala.-based company owns the Boston Store and
Younkers department store chains.
For the first three months ended May 3, Saks earned $14.4 million,
or 10 cents per share, compared with a loss of $25.4 million, or 17
cents per share, in the year-ago period.
The results a year ago included charges that totaled $47.3 million