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

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Gordmans Stores, Inc. Announces First Quarter 2016 Results

May 20, 2016 7:00 AM EDT

OMAHA, NE -- (Marketwired) -- 05/20/16 -- Gordmans Stores, Inc. (NASDAQ: GMAN), an Omaha-based apparel and home dcor retailer, today announced results for its first quarter (thirteen weeks) ended April 30, 2016.

First Quarter Review

Comparable store sales decreased 5.0%. Inventory was down 2.9% while operating four additional stores at quarter-end. Diluted loss per share was ($0.08).

"We experienced challenging store traffic consistent with general retail trends during the week leading up to Easter through the end of the first quarter. Despite the pressure... More