Linens ’n Things’ Q4 Net Drops Mar 21, 2008

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Retailer Linens ’n Things posted a net decline in the fourth quarter. For the quarter ended Dec. 29., the retailer generated adjusted earnings before interest, income taxes, depreciation and amortization of US$15.3 million, compared with adjusted earnings before income tax of $58.1 million in the fourth quarter of 2006. It reported total net sales inched up 0.6%, to $962.9 million for the quarter from the opening of new stores. That was offset by a comparable-store sales decline of 1.0%.

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