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Article: Chaus posts heavy losses in 3rd quarter, 9 months. (Bernard Chaus Inc., women's apparel manufacturer)
- Article from:
- WWD
- Article date:
- May 16, 1991
CopyrightCOPYRIGHT 1991 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHAUS POSTS HEAVY LOSSES IN 3RD QUARTER, 9 MONTHS
NEW YORK (FNS) -- Bernard Chaus, Inc., reported heavy losses in the third quarter ended March 31 and nine months, and said it expects to report a loss in the fiscal year ending June 30. The loss of $5,229,000 in the quarter was compared with a profit of $182,000, or 1 cent a share, in the year-ago period.
Sales fell 23.2 percent to $54,839,000 from $71,440,000, while gross margins eroded to 14.8 percent from 20.4 percent.
The loss in the nine months came to $9,361,000 and compares to a year-ago profit of $295,000, or 2 cents a share.
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