HANDLEMAN WITH CARE
Earnings for the fiscal fourth quarter, ended April 29, increased to $9.8 million from the previous year's $8.5 million, which excludes special charges. Earnings per share rose 30 percent, to 35 cents from 27 cents.
Last year's earnings excluded pre-tax restructuring-related charges of $3.5 million, and an adjustment of about $6 million for a tax benefit.
"A major factor driving the continuing improvement in operating results has been the successful execution of the company's repositioning program, which has exceeded our most optimistic expectations," Stephen Strome, Handleman President and CEO, said in a statement.
Net sales increased 9 percent, to $279.1 million from $256.3 million last year.
For the full fiscal year, net income rose to $38.6 million, or $1.30 a diluted share, from $25.3 million, or 80 cents a share, in the previous year. Net sales were $1.14 billion, a gain of 13 percent from $1.01 billion in fiscal 1999.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMS
