Collective Brands' 3Q Profit Up 86%

Kansas City, Mo. Collective Brands Inc. said its third-quarter profits rose 86%, mostly on slightly higher sales.

The company reported earnings of $47.5 million during the quarter that ended Nov. 1 compared to $25.5 million during the same period a year ago.

Revenues rose almost 4% to $862.7 million, while same-store sales fell 3.2%.