Walking Company Q3 Loss Widens

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s