Carter Hawley Hale posted record results.
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The Los Angeles-based department store operator reported record revenue and earnings for the third quarter and nine months. The company said it earned $16.4 million in the quarter ended Nov. 1, an increase of 67% from a year earlier, when it netted $9.8 million. Sales in the period rose a modest 4% to $989.5 million. For the nine months, the company reported a profit of $42.6 million, a rise of 46% from the $29.1 million earned a year ago. Nine-month sales rose 3% to $2.75 billion.
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