Eddie Bauer posts first profit since going public
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From Bloomberg News
Eddie Bauer Holdings Inc. posted its first profit since becoming a public company.
Net income was $63.2 million, or $2.11 a share, compared with a loss of $12.8 million, or 43 cents, a year earlier, the clothing retailer said. Revenue rose 1.5% to $381.9 million.
Sales at stores open at least a year climbed 4.6%, the first increase since the company began reporting results at the beginning of 2006.
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