Cache Inc. reported consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the 13-week period ended September 27, 2014, net sales were $46.1 million with 14 fewer stores compared to $47.2 million in the third quarter of fiscal 2013. Comparable store sales increased 0.2% following a comparable store sales increase of 6.0% in the third quarter of fiscal 2013. Operating loss totaled $11.5 million and included employee separation charges of $0.3 million. This compares to operating loss of $9.4 million in the third quarter of fiscal 2013, which included employee separation charges of $0.6 million. Loss before income taxes was $12.5 million against $9.4 million last year. Net loss totaled $12.5 million, or $0.41 per basic and diluted share, as compared to net loss of $9.5 million or $0.45 per basic and diluted share in the third quarter of fiscal 2013.

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.