Gordman's Stores (GMAN) Tops Q3 EPS by 2c; Issues Light Q4 Outlook

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Gordmans Stores, Inc. Announces Third Quarter 2016 Results

November 30, 2016 7:00 AM EST

OMAHA, NE -- (Marketwired) -- 11/30/16 -- Gordmans Stores, Inc. (NASDAQ: GMAN), an Omaha-based apparel and home dcor retailer, announced results for its third quarter and nine months ended October 29, 2016.

Third Quarter Review

Diluted loss per share of ($0.25) was in-line with guidance range of ($0.24) to ($0.29). Selling, general and administrative expenses decreased $2.0 million, or 2.8%. Brick and mortar comparable store inventory decreased 5% compared to a year ago. Three new stores opened in three existing markets.

"We experienced a modest 160 basis point... More