The company reported a 22.4% year-over-year net revenue decline to $25.7 million from $33.2 million. Consolidated gross profit fell to 17.1% from 20.9% in the year-ago quarter, which the company attributed primarily due to de-leveraging of occupancy, merchandising and distribution costs.
Loss from continuing operations widened year-over-year to $13.6 million from $11.1 million. Net loss attributable to common stockholders was 21 cents.
Separately, TheStreet Ratings team rates DELIAS INC as a "sell" with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DELIAS INC (DLIA) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow."
You can view the full analysis from the report here: DLIA Ratings ReportDLIA data by YCharts
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