Collective Brands reports 4Q, FY results

TOPEKA, Kan. Collective Brands reported that its fourth-quarter net loss was $10.9 million, or 17 cents per diluted share, compared with a net loss of $144 million, or $2.28 per share, in the fourth quarter of 2008.

Full-year 2009 net earnings increased to $82.7 million, or $1.28 per diluted share, compared with a net loss of $68.7 million, or $1.09 per diluted share in 2008.

Collective Brands' fourth quarter 2009 net sales were $741.7 million up 0.9%. The company's fourth quarter 2009 comparable-store sales increased 0.7%.

Collective Brands' 2009 net sales were $3.31 billion, down 3.9%. The company's 2009 comparable-store sales decreased 2.3%.  related to litigation, asset impairments, severance, cancellation of performance share units, and the expiration of the Tommy Hilfiger adult footwear license.