Gordmans Stores (GMAN) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Gordmans Stores (GMAN) reported quarterly earnings results on Friday, Aug-19-2016. The company reported $-0.28 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.27. The company posted revenue of $132.10 million in the period, compared to analysts expectations of $138.62 million. The company’s revenue was down -7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Gordmans Stores opened for trading at $1.15 and hit $1.2 on the upside on Wednesday, eventually ending the session at $1.17, with a gain of 0.85% or 0.0099 points. The heightened volatility saw the trading volume jump to 67,876 shares. Company has a market cap of $23 M.

In a different news, on Jun 9, 2016, Lisa Evans (EVP & CMO) sold 1,103 shares at $1.65 per share price. According to the SEC, on Jun 8, 2016, James Shea (director) sold 234 shares at $1.65 per share price. On Jun 8, 2016, Richard H Heyman (SVP & CIO) sold 1,966 shares at $1.68 per share price, according to the Form-4 filing with the securities and exchange commission.

Gordmans Stores Inc. is an everyday value price department store featuring a selection of brands fashions and styles at up to 60% off department and specialty store prices in an environment. The Company’s merchandise assortment includes apparel and footwear for men women and children accessories fragrances and home fashions. The Company offers young men’s men’s juniors’ women’s team plus sizes maternity and children’s clothing which includes offerings for infants toddlers boys and girls. Its accessories business includes designer fragrances intimate apparel handbags sunglasses fashion jewelry legwear and sleepwear. The Company operates approximately 97 stores under the trade name Gordmans located in 21 states situated in a range of shopping center formats including regional enclosed shopping malls lifestyle centers and power centers.

Gordmans Stores

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