Perfumania Holdings Reports Third Quarter EPS of $0.04 on Net Sales of $125 Million
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Perfumania Holdings, Inc. (PERF) Posts Smaller Q3 Profit on Lighter Revenue
December 13, 2016 10:32 AM ESTPerfumania Holdings, Inc. (NASDAQ: PERF) reported Q3 EPS of $0.04, versus $0.20 reported last year. Revenue for the quarter came in at $125.18 million, versus $141.98 million reported last year.
Michael Katz, President and Chief Executive Officer of Perfumania, commented, In the third quarter we saw a continuation of many of the trends we have experienced over the last several quarters, most notably a cautious consumer sentiment across our retail network coupled with a highly promotional retail environment. Despite these challenges, we were able to maintain our overall gross margin, improve our cost structure and begin to... More
