Bernard Chaus Inc reported its financial results for the first quarter of fiscal year 2008.
For the first quarter ended September 30, 2007, revenues were $35.5 million compared to $39.5 million in the first quarter last year.
The Company's net loss for the first quarter of fiscal 2008 was $354,000, or $0.01 per diluted share on a weighted average of approximately 37.4 million shares outstanding, compared to net income of $1.2 million, or $0.03 per diluted share on a weighted average of approximately 37.9 million shares outstanding, in the first quarter of fiscal 2007.
Josephine Chaus, Chairwoman and Chief Executive Officer, said, “As expected, the environment was challenging during the first quarter.
We are focused on taking advantage of the opportunities we see in our branded, private label and licensed businesses, while navigating the difficulties of the current climate.”
Bernard Chaus Inc designs, sources and markets an extensive range of women's career and casual sportswear, principally under the Josephine Chaus, Chaus, Cynthia Steffe and Cynthia Cynthia Steffe trademarks, as well as under certain private labels.
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