Mixed Results for Tweeter Group
The sales picture has improved for Tweeter Home Entertainment Group, but not the bottom line. The Canton, MA–based retailer reported a 4% increase in sales for the second quarter ended March 31, with comparable store results up 3%. The increase lifted Tweeter's total revenue to $189.3 million, but the company reported an operating loss of $4.6 million, almost twice the $2.5 million loss posted in the same period the previous year.