Cache Posts Loss In Q2 - Quick Facts

(RTTNews) - Cache Inc. (CACH), a specialty chain of women's apparel stores, reported second-quarter net loss of $3.2 million, or $0.17 per share, as against a profit of $1.03 million or $0.08 per share a year before. During the latest quarter, adjusted net loss amounted to $2.2 million, or $0.12 per share. On average, 2 analysts polled by Thomson Reuters expected loss per share of $0.12 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales slid 2.5% to $60.1 million, from $61.6 million in the second quarter of fiscal 2012, while comparable-store sales increased 0.5%, which compares to a 4.7% growth in the second quarter of fiscal 2012.

During the balance of fiscal 2013, the company expects to open no new stores and close one additional store, ending the year with 249 stores and approximately 500,000 square feet in operation.