Charlotte Russe 4Q Income Triples

Charlotte Russe posted robust fourth-quarter earnings on Thursday, with net income more than tripling due to a successful back-to-school season and the exiting of Rampage stores.

For the three months ended Sept. 30, earnings surged to $24.3 million, or 97 cents per share, from $6.1 million, or 25 cents in the year prior. Salesincreased 22 percent to $188.6 million from $154.7 million.

For the full year, earnings doubled to $25.1 million, or $1.01 per share,from $10.8 million, or 45 cents per share in the year-ago period. Sales rose33 percent to $681.5 million from $511.3 million.