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Mixed results for HSN


St. Petersburg, Fla. – HSN Inc. had a mixed second quarter, meeting Wall Street profit projections but falling short of sales estimates.

HSN’s net income totaled $41.6 million, up 2% from $40.9 million the same period the prior year.

Net sales grew 4% to $885.6 million from $855.2 million, including an 11% increase in digital sales.

"Our ongoing focus on content-driven commerce continues to position us well for long-term growth," said Mindy Grossman, CEO of HSN Inc. "HSN's results in the quarter reflected strong top and bottom line performance, particularly on our digital and mobile platforms. We continue to advance our strategies to remain a leader in boundaryless retail."

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