Gordmans Stores (GMAN) announced its most recent quarterly financial results on Wednesday, Nov-30-2016. GMAN said it had a profit of $-0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.27. The company posted revenue of $143.50 million in the period, compared to analysts expectations of $145.66 million. GMAN’s revenue was down -6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.
Gordmans Stores closed down -0.02 points or -2.53% at $0.77 with 58,316 shares getting traded on Tuesday. Post opening the session at $0.82, the shares hit an intraday low of $0.7444 and an intraday high of $0.82 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.