MSLO Cuts Loss in Half in First Quarter
May 2, 2012,
NEW YORK-Martha Stewart Living Omnimedia (MSLO) posted a first-quarter net loss of $3.6 million, about one-half the $7.1 million net loss reported in the first quarter of last year.
The company managed this mostly through reducing expenses. Selling, promotion, general and administrative expenses fell 7.4 percent in dollars and 104 basis points as a percentage of total revenues, to 48.6 percent. Total operating costs and expenses were down 9.1 percent in the quarter, which ended on March 31.