Le Chateau Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 27, 2018; Announces Sales Results for the First Seven Weeks Ended December 15, 2018
For the nine months, the company's sales were CAD 139,496,000 compared with CAD 148,397,000 a year ago. Loss from operating activities was CAD 10,743,000 compared with CAD 15,875,000 a year ago. Net loss was CAD 17,663,000 or CAD 0.59 per basic and diluted share compared with CAD 20,961,000 or CAD 0.70 per basic and diluted share a year ago.
For the first seven weeks ended December 15, 2018, total retail sales decreased 10.3% compared to the same period last year, with 27 fewer stores in operation. Comparable store sales, which include online sales, decreased 3.6% compared to the same period last year, with comparable regular store sales decreasing 3.1% and comparable outlet store sales decreasing 6.5%.