Collective Brands, Inc. (PSS) Reports Fourth-Quarter Results
By Benzinga Staff
March 09, 2010 8:05 PM
March 09, 2010 8:05 PM
Collective Brands, Inc. (NYSE: PSS) reported results for the fourth-quarter on Tuesday. The company saw its losses shrink as it saw an improvement in margins in the quarter.
The company reported a loss of $10.9 million, or $0.17 per share for the quarter, compared with a loss of $144 million, or $2.28 per share in the same quarter last year. The company posted revenue of $741.7 million for the quarter.
Matthew E. Rubel, CEO of Collective Brands, Inc., said that that a strong product line helped the company in improving the gross margins.
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