Gordman's Stores (GMAN) Tops Q2 EPS by 5c; Guides for Wide Q3 Loss
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Gordmans Stores, Inc. Announces Second Quarter 2015 Results
August 21, 2015 8:00 AM EDTOMAHA, NE -- (Marketwired) -- 08/21/15 -- Gordmans Stores, Inc. (NASDAQ: GMAN), an Omaha-based apparel and home dcor retailer, announced results for its second quarter and six months ended August 1, 2015.
Second Quarter Highlights
Net sales increased 1.7% to $143.4 million compared to $141.0 million. Gross profit of $62.8 million improved 150 bps to 43.8% of net sales. Extinguished $29.2 million of high rate term debt. Recorded $2.0 million charge related to extinguishment in the second quarter. Diluted loss per share was ($0.09) adjusted to exclude a $0.06 charge related to debt extinguishment, versus ($0.16) last year... More