The company reported earnings of $21.7 million, yielding adjusted earnings of 33 cents per share on revenue of $253.2 million. Analysts polled by FactSet were expecting the company to report earnings of 30 cents per share on revenue of $243.2 million. The loss a year earlier was $400,000.
"We ended fiscal 2018 with strong results, posting an 8.5% comparable store sales increase in Q4 that was broad-based across our core Custom Closets business, as well as our other product categories," said CEO Melissa Reiff. "This performance reflects the improvements we continue to make across all aspects of our business - in merchandising and new product development, marketing, inventory management and in-stock levels, as well as overall execution with excellence in our stores and our online channel."
For the coming fiscal year, the company expects to post earnings between 41 cents and 51 cents per share on revenue between $915 million to $925 million. Analysts are expecting the company to report earnings of 47 cents per share on revenue of $916.7 million.