Cache 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in