BOCA RATON, Fla. -- Q.E.P. Co. reported a decline its net sales and income for the fiscal 2001 fourth quarter and flat performance for the full year ended Feb. 28, 2001.
For the fourth quarter, net sales decreased to $26.8 million from the $29.1 million reported for the same period last year. Net income for the period was $432,000, or 13 cents per diluted share, compared with last year's net income for the same period of $772,000, or 23 cents per diluted share.