UPDATE: Cache Posts Wider Q3 Loss
Cache (NASDAQ: CACH) 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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.