HSN Sales Grow 7%

HSN Inc. announced that its overall sales rose 7 percent for the third quarter ended Sept. 30 to hit $778 million.

Digital sales jumped 16 percent.

Sales at its Cornerstone division rose 13 percent, with a 22 percent leap in digital sales.

Adjusted EBITDA increased 11 percent to $71.8 million. The company also repurchased $42 million in stock. 

“Our strong financial performance during the quarter demonstrates the sustained effectiveness of our overall strategy of creating immersive experiences, offering differentiated products and leveraging technology to build relationships, not just transactions,” said Mindy Grossman, CEO of HSN Inc., in a statement. 

JCK News Director