The gross margin increase was 46%, up from 42% last year, which the company attributes to higher full price selling and leverage on fixed buying and occupancy costs. Inventory posted at $105 million, up 24% from 2004.
Consolidated revenue was $211 million, up 45% from $114 million last year. Net income was $5 million for the quarter, a much better figure than last year's net loss of $24 million.
Retail net sales for the quarter were $146 million (including factory sales), up 40% from $104 million last year, which the company attributes to its boosted same-store sales. Online and catalog sales increased by 59% to $59 million, up from $37 million last year.
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