Brookstone Inc. reported net income of $17 million for the fourth quarter, down from net income pf $33.1 million last year.
The tools cataloger reported net sales of $226.1 million for the quarter ended Dec. 31, off 2.6% from net sales of $232 million last year.
“We believe we are well positioned for 2006,” said CEO Michael Anthony in a statement. “We ended the year with a healthy cash position of $76.3 million as of Dec. 31, 2005 and no cash borrowings under our $100 million asset-backed credit facility.”
Network
