Q Talk

[Spurt]

"Aunt" Mindy....aka Auntie M has some GOOD results for the second quarter of 2013....results through June 2013.

HSN's net sales were $526.2 million, an increase of 5% from the prior year. Digital sales grew 10% with penetration increasing 160 basis points to 35.4%. Sales grew in home design, household, electronics and apparel & accessories, offset by lower sales in jewelry and culinary. Net sales were favorably affected by lower return rates. The average price point decreased 4% while units shipped increased 7% primarily due to an increase in clearance activity.

Gross profit increased 3% to $187.5 million. Gross margin decreased 60 basis points to 35.6% primarily due to an increase in shipping and handling promotions.

Operating expenses (excluding non-cash charges) increased 1% to $130.3 million. Adjusted EBITDA increased 8% to $57.1 million compared to $52.7 million in the prior year. Operating income increased 8% to $47.0 million compared to $43.3 million in the prior year.

http://finance.yahoo.com/news/hsn-inc-reports-second-quarter-120000632.html