R.G. Barry Corp., earned $539,000, or 5 cents a share, in the first quarter, up from $123,000, or a penny a share, in the same period a year ago.
Revenue in the third quarter grew 5 percent to $22.2 million from $21.1 million, helping the company's profit margin widen to 40 percent of sales, up from 33.5 percent a year ago.
CEO Greg Tunney said the company's third quarter built upon the strong performance in the first half of the fiscal year, which began June 28.
“We continue to be very positive about the overall health of our business and its short- and long-range outlooks,” Tunney said in a release.
For the first three quarters of fiscal 2010, R.G. Barry (NASDAQ:DFZ) earned $11 million, or $1 a share, fueled in large part by strong holiday sales. That's up 51 percent from $7.28 million, or 68 cents a share, in the same period a year ago. Revenue year-to-date grew 12 percent to $107.2 million from $95.6 million.
R.G. Barry makes slippers and comfort footwear under a variety of labels, including Dearfoams, Terrasoles and Superga.
