• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Q3FY'13 sales plummet 22.8% at Frederick's of Hollywood

12 Jun '13
3 min read

Frederick's of Hollywood Group Inc. announced the financial results for its fiscal 2013 third quarter ended April 27, 2013.

Fiscal 2013 Third Quarter Compared to Fiscal 2012 Third Quarter:

- Net loss applicable to common shareholders was $643,000 or $(0.02) per diluted share, compared to net income of $3.3 million or $0.09 per diluted share. The $643,000 net loss includes a $952,000 gain related to a change in the fair value of a warrant issued in connection with the $10 million Series B preferred stock transaction

- Adjusted EBITDA was a loss of $396,000 compared to a gain of $4.5 million.  A reconciliation of GAAP results to Adjusted EBITDA, a non-GAAP measurement, is provided in the accompanying table

-  Net sales decreased 22.8% to $23.3 million from $30.2 million

- Comparable store sales decreased 20.5%

- Total store sales decreased 23.6% to $14.5 million

- Direct sales decreased 16.7% to $8.0 million

- Other revenue, consisting of shipping revenue, commissions earned on direct sell-through programs, breakage on gift cards and product sales to our licensing partner in the Middle East, decreased 50.6% to $0.8 million 

- Gross margin, as a percentage of net sales, was 39.9% as compared to 50.8%

- Selling, general and administrative expenses decreased by $1.5 million to $10.1 million, or 43.3% of sales, from $11.6 million, or 38.3% of sales

Fiscal Nine Months Ended April 27, 2013 Compared to Fiscal Nine Months Ended April 28, 2012:

- Net loss applicable to common shareholders was $15.8 million, or $(0.41) per diluted share, compared to a net loss of $2.6 million, or $(0.07) per diluted share.  The $15.8 million net loss includes a $952,000 gain related to a change in the fair value of a warrant issued in connection with the $10 million Series B preferred stock transaction

- Adjusted EBITDA was a loss of $11.8 million compared to a gain of $1.2 million.  A reconciliation of GAAP results to Adjusted EBITDA, a non-GAAP measurement, is provided in the accompanying table

- Net sales decreased 23.1% to $70.0 million from $91.1 million

Comparable store sales decreased by 17.7%

Total store sales decreased 21.1% to $45.1 million

Direct sales decreased 23.8% to $22.6 million 

Other revenue, consisting of shipping revenue, commissions earned on direct sell-through programs, breakage on gift cards and product sales to our licensing partner in the Middle East, decreased 45.0% to $2.3 million

- Gross margin, as a percentage of net sales, was 30.3% as compared to 38.5% 

- Selling, general and administrative expenses decreased by $2.4 million to $33.9 million or 48.3% of sales, from $36.3million, or 39.8% of sales.

Frederick's of Hollywood

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search