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New York & Company net sales grow 7.35% in Q4 FY'13
22 Mar '13
3 min read
Fiscal Year 2012 Results:
-The Company opened 18 new Outlet stores, remodeled 13 existing stores, and closed 31 stores, ending the year with 519 stores, including 44 Outlet stores, and 2.7 million selling square feet in operation.
-Net sales were $966.4 million compared to net sales of $956.5 million for fiscal year 2011.
-Comparable store sales increased 0.1% versus a decrease of 3.3% in fiscal year 2011.
-Operating income was $2.3 million. On a non-GAAP basis, the Company’s adjusted operating loss was $2.1 million reflecting a significant improvement from the prior year’s operating loss of $35.6 million.
-Net income was $2.1 million, or $0.03 per diluted share. On a non-GAAP basis, the Company’s adjusted net loss for fiscal year 2012 was $2.2 million, or $0.04 per diluted share. This compares to a net loss of $38.9 million, or $0.64 per diluted share, for fiscal year 2011.
New York & Company, Inc
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