Leading off-price retailer Syms Corp announced results for its second quarter ended August 27, 2005.
For the second quarter ended August 27, 2005, the Company had a net loss of $1.2 million ($0.08 per share) as compared to a net loss of $3.7 million ($0.25 per share) for the 13-week period ended August 28, 2004. For the 26-week period ended August 27, 2005, the net loss was $0.1 million ($0.01 per share) as compared to a net loss of $3.7 million ($0.25 per share) for the comparable period last year.
For the second quarter ended August 27, 2005 same store sales increased 3.2 percent compared to the same period last year. For the 26-week period ended August 27, 2005, same store sales increased 3.5 percent compared to the same period last year.
Net sales for the second quarter ended August 27, 2005 increased 0.3 percent to $61.5 million, compared to $61.3 million for the same period last year. Net sales for the 26-week period ended August 27, 2005 decreased 0.5 percent to $128.9 million, down from $129.6 million for the same period last year.
Syms Corp currently operates a chain of thirty seven "off-price" apparel stores located throughout the Northeastern and Middle Atlantic regions and in the Midwest, Southeast and Southwest. Each Syms store offers a broad range of first quality, in-season merchandise bearing nationally recognized designer and brand-name labels.
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