Similar to the third quarter, we were [indiscernible] at our retail stores than a year ago. Accordingly, gross margins expanded 4 percentage points from 61% to 65%. Strong same-store sales gains coupled with increased gross margins led to an 8.4% operating income margin, our highest yet for the division.Also, our store-level operating margin doubled as compared to a year-ago margin. We were pleased with the results of each and every store in our base. During the quarter, we opened our flagship store in New York, and it continues to outperform our expectations.
Joe's Jeans' CEO Discusses Q4 2011 Results - Earnings Call Transcript
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