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SHERMAN OAKS — Cherokee Inc. on Thursday reported a loss of $45.6 million in its fiscal fourth quarter.
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SHERMAN OAKS — Cherokee Inc. on Thursday reported a loss of $45.6 million in its fiscal fourth quarter.
On a per-share basis, the Sherman Oaks, California-based company said it had a loss of $3.26. Losses, adjusted for asset impairment costs and costs related to mergers and acquisitions, came to 40 cents per share.
The brand management company posted revenue of $6.9 million in the period.
For the year, the company reported that its loss widened to $56 million, or $4.17 per share. Revenue was reported as $29.4 million.
Cherokee expects full-year revenue in the range of $29 million to $31 million.
In the final minutes of trading on Thursday, the company’s shares hit $1.45. A year ago, they were trading at $8.15.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHKE at https://www.zacks.com/ap/CHKE
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Murder for Two Read moreMurder For Two
Dirk van Ulden said:
Rick Bonilla said:
Hey Terry, I thought your favorite smaller government. What’s up with this? You are starting to sound like a Democrat.
Rick Bonilla said:
Dirk van Ulden said:
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