HSN 4Q Sales Increase



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