Gordman's Stores (GMAN) Misses Q2 EPS by 1c; Issues Light Q3 Outlook

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Go back to Gordman's Stores (GMAN) Misses Q2 EPS by 1c; Issues Light Q3 Outlook

Gordmans Stores, Inc. Announces Second Quarter 2016 Results

August 19, 2016 7:00 AM EDT

OMAHA, NE -- (Marketwired) -- 08/19/16 -- Gordmans Stores, Inc. (NASDAQ: GMAN), an Omaha-based apparel and home dcor retailer, announced results for its second quarter and six months ended July 30, 2016.

Second Quarter Review

Adjusted diluted loss per share of ($0.28), which excludes a ($0.03) charge related to a deferred tax valuation allowance, was in-line with guidance range of ($0.29) to ($0.25). Brick and mortar comparable store inventory decreased 13.6% compared to a year ago. Comparable store sales on an owned basis decreased 11.1%.

Andy Hall, President and Chief Executive Officer,... More