Gordmans Stores, Inc. Announces First Quarter 2016 Results

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Gordman's Stores (GMAN) Tops Q1 EPS by 2c; Guides Lower

May 20, 2016 7:07 AM EDT

Gordman's Stores (NASDAQ: GMAN) reported Q1 EPS of ($0.08), $0.02 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $142.2 million versus the consensus estimate of $147.55 million.

Comparable store sales decreased 5.0%.Inventory was down 2.9% while operating four additional stores at quarter-end.

"We experienced challenging store... More