American Apparel, Inc. Reports Second Quarter 2015 Financial Results
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American Apparel (APP) Reports Q2 Loss of $0.11/Share
August 17, 2015 5:15 PM EDTAmerican Apparel (NYSE: APP) reported Q2 EPS of ($0.11), versus ($0.09) reported last year. Revenue for the quarter came in at $134.4 million, versus $162.4 million reported last year.
Excluding the year over year impact from foreign exchange and stores closed in 2014, net sales decreased 14% from the same period in 2014. The decline in comparable sales was attributable to the lack of new style introduction for the spring and summer selling season. Net sales also decreased approximately $3 million due to the store closures. In addition, the unfavorable impact of foreign currency exchange rate changes contributed to the sales decrease of... More
