UPDATE: Cache Posts Wider Q3 Loss

Cache

posted a wider third-quarter loss. Cache projects FQ4 adjusted earnings of $0.01 to $0.03 per share. Cache posted a quarterly loss of $6.4 million, or $0.49 per share, versus a year-ago loss of $1.8 million, or $0.14 per share. In October, Cache expected a loss of $0.39 to $0.41 per share. Its revenue declined 5.9% to $45.8 million. Cache's gross margin dropped to 32% from 40.6%, while same-store sales fell 2.9%. Cache shares closed at $2.86 yesterday.