By  on March 19, 2010

A decline in promotional activity and improved margins led Casual Male Retail Group Inc. to move to profitability from a year-ago loss in the fourth quarter despite continuing declines in sales.

In the three months ended Jan. 30, the Canton, Mass.-based big and tall specialty chain posted net income of $3.6 million, or 8 cents a diluted share, 3 cents better than the consensus estimate carried by Yahoo Finance. In the final quarter of 2008, the firm registered a net loss of $108 million, or $2.61 a share. Stripping away charges for impairment of goodwill and other one-time items, the year-ago loss came to 14 cents a share.

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