HSN Inc. CFO/COO: Digital and Mobile Lifting Sales to Record Levels

HSN Inc. is firing on all cylinders as a result of its mobile and digital advances, said the company's CFO and COO Judy Schmeling. HSNi reported its net sales grew 10% in the fourth quarter over the prior year to $1.1 billion. HSN's net sales increased 14% to $796.8 million in Q4, including 22% growth in digital sales. HSN Inc.'s Cornerstone division saw net sales remained relatively unchanged at $321.1 million. HSN Inc. declared a special cash dividend of $10 per share last month, representing approximately $525 million. HSN also authorized a share repurchase program covering 4 million shares to offset dilution related to the company's equity compensation programs.