NEW YORK (AP) ¿ Women's apparel retailer Cache Inc. on Tuesday gave initial guidance for its second-quarter that is down from its performance in the same quarter last year but above analyst estimates. The company said in a news release Tuesday that it expects earnings per share to fall in a range of 4 cents to 7 cents. Last year in the period ending in June it earned 16 cents per share. The company also predicted net sales will range from $57 million to $59 million, down from the same period last year, when the company's revenue was $74 million. Cache said the guidance assumes a similar same-store sales trend of the first quarter, where sales at stores open at least a year fell 20.7 percent. Analysts predict the company will earn 3 cents a share in the second quarter on revenue of $62.2 million, according to Thomson Reuters. Earlier this month Cache raised the low end of its first-quarter outlook on the same-store sales performance in the period ending March 28. Cache currently expects a per-share net loss between 12 cents and 13 cents, compared with prior expectations for a net loss between 12 cents and 16 cents per share. Analysts polled by Thomson Reuters expect a loss of 13 cents per share. The company said Tuesday it would announce its first-quarter results on April 30.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Investing
Goldman Consolidating Private-Investing Units to Create 'New' Division: Report
Goldman Sachs Group is consolidating several separate units involved in so-called 'hard-to-access' deals, reports the Wall Street Journal.
2 Well-Known Stocks You Should Consider Shorting This Week
These bearish bets are showing both technical and quantitative deterioration.