Guess Q3 profit dips
Los Angeles — Guess Inc. saw profit in the third quarter dip 3.4% to $35.4 million, from $36.6 million for the third quarter last year. Results, however, surpassed company expectations.
"We are pleased to report better than expected third quarter earnings. We delivered revenues within the range of our expectations and through our continued focus on cost control have been able to deliver profitability at the high end of our expectations,” said Paul Marciano, CEO.
Third-quarter sales fell 2.4% to $613.5 million, from $628.8 million in the prior-year quarter. In constant currency, total net revenue decreased 4.1%. Same-store sales dropped 5%.
New York & Co. narrows loss in Q3
New York — New York & Co. reported a loss of $3.4 million for the quarter ended Nov. 2, compared with a loss of $3.8 million in the same period last year.
Sales fell to $217.6 million, from $219.3 million, and same-store sales increased 3%.
Wet Seal flat in Q3
Foothill Ranch, Calif. — Wet Seal recorded a loss of $14.9 million for the fiscal 2013 third quarter, essentially flat with last year.
Sales dipped to $127.7 million from $135.5 million, and same-store edged up 0.8%, including an increase of 1.7% at Wet Seal and a decrease of 6.7% at Arden B.