Wet Seal Q3 profit and sales up
Foothill Ranch, Calif. -- The Wet Seal reported Thursday that net income for the third quarter rose to $3.7 million, from $2.6 million a year earlier. Sales increased to $152.1 million from $146.4 million. Same-store sales declined 0.9% on a consolidated basis. The company had six store openings and two store closings at Wet Seal and four store openings and no store closings at Arden B during the third quarter. It expects to have 22 net Wet Seal store openings and three net Arden B store openings for the full year.