Cache Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014
For the 39-weeks ended September 27, 2014, net sales were $147.6 million compared to $160.8 million in the first nine months of fiscal 2013. Comparable store sales decreased 6.2% following an increase of 1.4% in the first nine months of fiscal 2013. Operating loss totaled $29.8 million and included employee separation charges incurred of $0.7 million. This compares to an operating loss of $18.7 million in the first nine months of fiscal 2013 and included employee separation charges incurred of $3.1 million. Loss before income taxes was $31.0 million against $28.9 million last year. Net loss was $31.2 million or $1.24 per basic and diluted share, as compared to net loss of $28.9 million or $1.66 per basic and diluted share in the first nine months of fiscal 2013.