HSN announced its net sales for the fourth quarter increased 4 percent and sales for the year 2011 grew 6 percent.
Highlights of HSN’s financial statement (three months ended Dec. 31):
- 4Q: net sales: up 4 percent
- 4Q: digital sales: up 13 percent
- 4Q: adjusted EBITDA: up 11 percent
- FY2011: net sales: up 6 percent
- FY2011: digital sales: up 20 percent
- FY2011: adjusted EBITDA: up 16 percent