Recreational Equipment, Inc. (REI) reported pre-audited earnings in 2009 more than doubled to $29.8 million from $14.5 million a year ago. Revenues improved 1.4% to $1.45 billion from $1.43 billion.
Gross margins improved to 44.7% from 42.1% a year ago. Operating expenses increased slightly to 37.8% from 37% a year ago. Operating income increased 36.6% to $100.6 million from $73.6 million.
