ValueVision reported a net loss of $7.1 million for the third quarter, an improvement over a net loss of $34.6 million last year.
The television-shopping network reported revenue of $159.5 million for the quarter ended Oct. 29, up 14% from about $113.3 million last year.
“We are pleased with the significant improvement in our third quarter results,” said William Lansing, CEO of the Minneapolis company in a statement. “Sales for the quarter grew by 14% versus last year while we also improved our gross margins by 2.3% percentage points.”
