Coldwater Creek moves to profit in Q1

Sandpoint, Idaho Coldwater Creek reported Wednesday that it earned more in its first quarter than analysts expected, reversing a year-ago loss, as sales rose in all its divisions.

For the three months that ended May 1, Coldwater Creek said its net income was $2.3 million, compared with a loss of $7.6 million a year earlier. Revenue rose 6% to $243.1 million.

Revenue in Coldwater's retail segment, which includes its stores, spas and outlets, was $176 million, up 3% from a year earlier. Phone and Internet sales jumped 16% to $67.1 million.