SG&A expenses for the direct segment were $10.9 million, or 46.4% of sales, in the first quarter of fiscal 2012 compared to $10.9 million, or 49.3% of sales, in the prior year period. The decrease in SG&A expenses as a percent of sales reflects the leveraging of selling and overhead expenses.Operating loss for the first quarter of fiscal 2012 for the direct segment was $0.7 million as compared to $1.0 million in the prior year period. Included in the first quarter of fiscal 2012 is gift card breakage income of $0.5 million compared to $11,000 in the prior year period.
DELiA*s, Inc. Announces First Quarter 2012 Results
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