NEW YORK — The Walking Company Holdings Inc.’s third-quarter loss grew from a year earlier, mainly due to a rise in operating expenses associated with the closure of 71 of its Big Dogs stores.
On Friday, the Santa Barbara, Calif.-based company said its quarterly net loss widened to $2.54 million, or 27 cents a diluted share, from a loss of $140,000, or a penny a share, a year earlier. Third-quarter expenses associated with store closures totaled $1.29 million.
For the quarter ended Sept. 30, sales rose 5 percent to $59.5 million from $56.6 million a year ago. Same-store sales, or sales at stores open at least a year, increased 4.8 percent for the quarter.