By
Reuters
Reuters
Published
Mar 4, 2009
Mar 4, 2009
Liz Claiborne loss smaller than expected
By
Reuters
Reuters
Published
Mar 4, 2009
Mar 4, 2009
NEW YORK (Reuters) - Fashion company Liz Claiborne Inc (LIZ.N) reported a quarterly loss on Wednesday that was smaller than analysts expected though within the company's forecast.
![]() Liz Claiborne New York spring-summer 2009 |
The owner of the Juicy Couture, Kate Spade and Lucky Brand labels said its net loss widened to $828.9 million, or $8.85 per share, in the fourth quarter, ended on January 3, from a year-earlier net loss of $435.7 million, or $4.55 per share.
The company's net loss from continuing operations was $8.36 per share.
Excluding items, the company's loss from continuing operations was 4 cents per share. On that basis, analysts on average were expecting a loss of 9 cents per share, according to Reuters Estimates.
The company warned in January that it could post a loss of as much as 15 cents per share.
Net sales fell 22.2 percent to $911.2 million.
(Reporting by Martinne Geller)
© Thomson Reuters 2023 All rights reserved.