HSN Inc. Posts Net, Sales Gains on Digital Strength
May 6, 2015,
ST. PETERSBURG, Fla.-Accelerated digital performance helped drive HSNi’s net income up 39 percent, and combined division sales up 8 percent, in the first quarter ended March 31.
The company posted net income of $33.7 million, compared to the prior-year period’s $24.1 million. Overall net sales were $841.9 million in the quarter. Net sales for the HSN division increased 10 percent to $600.5 million, including 18 percent growth in digital sales. The Cornerstone division reported net sales of $241.4 million, a 4 percent increase, including 5 percent growth in digital sales.
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