Trans World Entertainment (TWMC) Reports Q3 Loss of $12.73 on Revenues of $69.5M

Trans World Entertainment (NASDAQ: TWMC) reported Q3 EPS of ($12.73), versus ($7.74) reported last year. Revenue for the quarter came in at $69.5 million, versus $92 million reported last year.

Third Quarter Overview - Consolidated

• Total revenue decreased 24.5% to $69.5 million compared to $92.0 million in the third quarter of fiscal 2018.
• Loss from operations was $22.9 million compared to a loss from operations of $13.8 million for the third quarter of fiscal 2018.
• Net loss was $23.2 million, or $12.73 per share, for the 13 weeks ended November 2, 2019, compared to a net loss of $14.1 million, or $7.74 per share, for the same period last year (see note 1). Included in the third quarter 2019 operating results were non-cash charges due to impairment of certain long lived assets in the amount of $16.0 million.
• Adjusted EBITDA (a non-GAAP measure) was a loss of $5.7 million compared to a loss of $10.7 million for the third quarter of fiscal 2018 (see note 2).

For earnings history and earnings-related data on Trans World Entertainment (TWMC) click here.

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