New York & Co Slips To Q4 Loss

(RTTNews) - New York & Co., Inc. (NWY) reported a net loss for the fourth quarter of $6.7 million or $0.11 per share, compared to net income of $6.9 million or $0.11 per share for the year-ago quarter.

Excluding items, adjusted net loss for the latest quarter was $0.4 million or $0.01 per share.

Net sales for the fourth quarter fell to $267.4 million from $271.0 million in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report breakeven per share on revenue of $267.04 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward, the company expects first quarter net sales and same-store sales to increase in the low single-digit percentage year-over-year. The company also expects first quarter adjusted operating income to be approximately breakeven. Analysts currently expect the company to post revenue growth of 1.3% for the first quarter.