Gordman's Stores (GMAN) Tops Q1 EPS by 5c, Comps Decline 1%, Offers Q2 Guidance

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Go back to Gordman's Stores (GMAN) Tops Q1 EPS by 5c, Comps Decline 1%, Offers Q2 Guidance

Gordmans Stores, Inc. Announces First Quarter 2015 Earnings of $0.02 per Diluted Share

May 21, 2015 4:01 PM EDT

OMAHA, NE -- (Marketwired) -- 05/21/15 -- Gordmans Stores, Inc. (NASDAQ: GMAN), an Omaha-based apparel and home dcor retailer, announced results for its first quarter ended May 2, 2015.

First Quarter Highlights

Net sales increased 2.0% to $145.9 million compared to $143.0 million with comparable store sales on an owned and licensed basis decreasing 1.0%. Gross profit of $65.0 million improved 20 bps to 44.5% of net sales. Diluted earnings per share were $0.02, vs. ($0.04) last year and a guidance range of ($0.06) to ($0.02). A successful two store launch in Cleveland, Ohio.... More