Css Industries, Inc. Reports Earnings Results for the First Quarter Ended June 30, 2019
August 01, 2019 at 04:18 pm EDT
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CSS Industries, Inc. announced earnings results for the first quarter ended June 30, 2019. For the first quarter, the company announced sales was USD 57.537 million compared to USD 64.127 million a year ago. Operating loss was USD 12.995 million compared to USD 18.672 million a year ago. Net loss was USD 14.248 million compared to USD 18.476 million a year ago. Basic loss per share was USD 1.61 compared to USD 2.03 a year ago.
CSS Industries, Inc. is a United States-based consumer products company. The Company is engaged in development, manufacture, procurement, distribution and sale of various categories of products include seasonal, which includes holiday gift packaging items, such as ribbon, bows, greeting cards, bags, tags and gift card holders, in addition to specific holiday-themed decorations, accessories, and activities; gift, which includes products designed to celebrate certain life events or special occasions, such as weddings, birthdays, anniversaries, graduations, or the birth of a child, and its offered products include ribbons and bows, floral accessories, infant products, journals, gift card holders, all occasion boxed greeting cards, memory books, scrapbooks, stationery and other items; and craft, which includes sewing patterns, ribbons and trims, buttons, knitting needles, needle arts and kids crafts.