New York & Company, Inc. Announces 2017 Second Quarter Results and Introduces Q3 Guidance
NEW YORK & CO (NWY)
Last new york & co earnings: 8/23 04:01 pm
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en.wikipedia.org/wiki/new_york_(state)
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Source: Business Wire
~ Highest Second Quarter Operating Income Since 2008 ~ ~ GAAP Operating Income of $5.2 Million Improving by $3.8 Million Compared to Last Year ~ ~ Gross Profit Margin Improves by 180 Basis Points to Highest Level Since 2005 ~ NEW YORK--(BUSINESS WIRE)-- New York & Company, Inc. (NYSE:NWY), a specialty women’s apparel chain with 460 retail stores, today announced results for the second quarter ended July 29, 2017. Gregory Scott, New York & Company’s CEO stated: “We are pleased to report better-than-expected second quarter results reflecting a significant increase in both operating income and diluted earnings per share as compared to the fiscal 2016 second quarter. The quarter marked our highest gross margin and operating income since second quarter 2005 and 2008, respectively. We also made progress on our profit improvement objectives which resulted in lower product costs, red
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