By  on November 13, 2012

Stronger sales were insufficient to offset higher interest expense and accounting items as American Apparel Inc. more than doubled losses in the third quarter.

In the three months ended Sept. 30, the net loss escalated to $18.5 million, or 18 cents a diluted share, from a loss of $7 million, or 7 cents, in the year-ago quarter. Sales grew 15.1 percent, to $162.2 million from $140.9 million, as comparable-store sales were up 20 percent and comparable online sales up 21 percent.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus