Recreational Equipment Inc., otherwise known as REI to outdoor enthusiasts, more than doubled its earnings during 2009.
The company reported that its profits increased from $29.8 million from $14.5 million during 2008. Operating expenses increased slightly to 37.8 percent from 37 percent a year ago. Operating income increased 36.6 percent to $100.6 million from $73.6 million during 2008.
Colorado Springs has a single REI store, at 1376 E. Woodman Rd.