Systemax reports profit dip on sales gain
Systemax Inc., Port Washington, computer retailer, operates TigerDirect.com and CompUSA
Year: Ended Dec. 31
Net income: Profit of $46 million, compared with profit of $53 million last year.
Net sales: $3.2 billion, compared with $3 billion last year.
Outlook: "Looking ahead, we believe our capacity to capture value and deliver it to customers through our recognized brands, including TigerDirect, CompUSA, Circuit City, MISCO, WStore and Global Industrial, positions us well for 2010," Richard Leeds, chairman and chief executive, said in a news release.
Company statement: "Systemax posted all-time record sales, with over 24 percent growth in the fourth quarter on an equivalent weeks basis," Leeds said.
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