Home / Knowledge / News / Apparel/Garments / Apparel retailer New York & Co halves Q3FY17 GAAP net loss
Apparel retailer New York & Co halves Q3FY17 GAAP net loss
02
Dec '16
US specialty apparel retailer New York & Company halved its GAAP net loss for the third fiscal quarter ended October 29, 2016 to $2.5 million, or a loss of $0.04 per diluted share. Compared to this, the retailer recorded a GAAP net loss of $5.3 million, or a loss per diluted share of $0.08 in the corresponding quarter of the earlier fiscal.

On a non-GAAP basis, the company's adjusted net loss was $3.0 million, or a loss of $0.05 per diluted share in the third quarter of fiscal 2017, as against non-GAAP adjusted net loss of $3.0 million, or a loss of $0.05 per diluted share in the prior fiscal's third quarter.

For the reporting quarter, New York & Company reported net sales at $213.9 million, which includes $3.1 million of royalty revenue from the new private label credit card agreement vis-à-vis $219.8 million in the third quarter of fiscal 2016.

GAAP operating loss in the quarter under review was $2.1 million versus GAAP operating loss of $4.9 million in the comparable quarter of earlier fiscal. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

3 Bangla RMG firms present energy efficiency action plans

Small energy efficiency working groups (SEEWGs) of three top tier...

Pic: Shutterstock

Textiles | On 28th Nov 2020

Pak PM asks ministries to help textile sector meet demand

Pakistani Prime Minister Imran Khan recently directed the commerce...

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

Rwanda's garment-textile exports grow by 83% in 2 years

Rwanda's textile and garment sector grew 83 per cent in value between ...

Interviews View All

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Ian Burn,

Ian Burn

Camira's expertise goes from farm to fabric and everything in between. The ...

Saad Khaled Bari,

Saad Khaled Bari

Benetex Industries is a public ltd company established in year 1992 to...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search