Saks Earnings Call, Second Quarter 2008
8th October 2008 00:00 AM |
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| The retailer lost $31.7 million, or 23 cents per share, compared with a net loss of $24.6 million, or 17 cents per share, in the year-ago period. |
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| The retailer saw a wider-than-anticipated loss for the latest quarter with revenue down 3.5% from a year ago to $669.2 million. Saks expects 2008 operating margins, excluding certain items, to drop below 2007 levels. Same-store sales are expected to be from unchanged to down by low-single digit percentages for the second half of the fiscal year. |
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