This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cache Reports Second Quarter Fiscal 2012 Results

In total, operating expenses for the second quarter of fiscal 2012 were $24.7 million, or 40.0% of net sales, as compared to $23.4 million, or 38.8% of net sales, in the second quarter of fiscal 2011. For the first six months of fiscal 2012, operating expenses were $48.9 million, or 41.6% of net sales, compared to $46.5 million, or 41.4% of net sales, in the first six months of fiscal 2011. The increase in operating expenses for the second quarter and first six months of fiscal 2012 were driven by increased marketing and e-commerce related expense. In addition, as compared to last year, professional fees increased primarily due to a $450,000 legal fee reimbursement that positively impacted last year’s second quarter.

At June 30, 2012, cash and marketable securities totaled $24.4 million, as compared to $27.3 million in cash and marketable securities at July 2, 2011. Total inventory at cost increased 21.3% at quarter end from the prior year period.

A table summarizing financial results follows:

Twenty-Six Weeks Ended
 

Thirteen Weeks Ended
June 30,   July 2, June 30,   July 2,

 

2012

2011

2012

2011

($ thousands, except for per share data, share numbers and store count)
 
Net sales $ 117,628 $ 112,365 $ 61,633 $ 60,266
Operating income (loss) (346 ) 2,899 1,677 4,159
Net income (loss) (177 ) 2,027 1,031 2,799
 
Basic earnings (loss) per share $ (0.01 ) $ 0.16 $ 0.08 $ 0.22
Diluted earnings (loss) per share $ (0.01 ) $ 0.16 $ 0.08 $ 0.22
 
Basic weighted average shares
outstanding 12,877,000 12,822,000 12,880,000 12,827,000
Diluted weighted average shares
outstanding 12,877,000 12,861,000 12,928,000 12,873,000
 
Number of stores open at end of period 264 280 264 280
 

Store Opening Plans

During the second quarter, the Company opened one store and closed five existing locations, ending the period with 264 stores in operation. For fiscal 2012, the Company expects to open no new additional stores and close one additional location, ending the year with approximately 263 locations and 532,000 square feet in operation.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,516.32 -173.54 -0.98%
S&P 500 2,088.28 -15.56 -0.74%
NASDAQ 5,087.4160 -40.8650 -0.80%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs