Delia’s Inc. posted net income $900,000 for the third quarter, compared to a net loss of $2.7 million in the prior year.
The direct marketer and retailer reported revenue of $56.9 million for the quarter ended Nov. 1, an increase over revenue of $52 million last year.
The New York firm posted direct segment revenue of $24.4 million for the quarter, a slight decrease $24.7 million in the prior year.
The quarterly operating loss for the direct segment was $0.8 million compared with an operating loss of $0.7 million in the prior year period.
The company reported that gross margin increased to 37% in the quarter, an increase over 36.6% in the prior year.
Management attributed this partly to higher merchandise retail margins which were partially offset by higher direct segment shipping costs.
In addition, the firm posted selling, general and administrative expenses of $23.6 million in the quarter compared to $23.2 million in the prior year.
