MSLO Narrows Second-Quarter Net Loss
July 30, 2012,
NEW YORK-Martha Stewart Living Omnimedia (MSLO) reported a second-quarter net loss of $2.7 million, compared to a net loss of $2.9 million from the second quarter of last year.
The company was able to reduce its bottom-line loss through slimming down its expenses. As a dollar total, operating costs and expenses dropped 11.5 percent--although as a percentage of sales they increased 149 basis points to 106 percent.
Lisa Gersh, MSLO president and CEO, said the second-quarter results were "in line with our expectations for the quarter." Gersh added that the weakness in the publishing segment "will slow our planned return to profitability, but we continue to anticipate improving performance for the company in 2012."
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Omnichannel Retailing - In the Mobile App World, Time is Money