Sharper Image’s Profit Falls, Revenue Rises

Sharper Image Corp. reported lower fiscal fourth-quarter profit due to less-than-successful product introductions, a soft economy and a 6% decline in same-store sales.

Profit declined to $16.4 million, or $1.01 a share, from $22.2 million, or $1.37, a year ago. Revenue increased 8% to $301 million but the company said a soft economy and some new product introductions that proved “less than successful” hurt earnings.

The retailer also said April same-store sales -- a key indicator of retail performance -- dropped 18%, and the company reiterated its outlook for a fiscal first-quarter per-share loss of 28 cents to 32 cents.