Trans World Revises Q4 Results Up12 Apr, 2007 By: Erik Gruenwedel
Final accounting of its Musicland Holding Corp. acquisition resulted in Trans World Entertainment Corp. posting a $1.8 million increase in the extraordinary gain, net of tax, for the fourth quarter ended Feb. 3. As a result, the Albany, N.Y.-based parent to F.Y.E. and Suncoast stores posted quarterly income of $37.8 million, compared to $36.4 previously. For the fiscal year, income increased to $11.7 million, compared to $10.2 previously.