Gordmans Stores (NASDAQ:GMAN) announced on Monday that it now expects third-quarter profit of 18 cents to 20 cents a share, down from the previous estimate of 4 cents to 26 cents a share, due to a 2.1 percent drop in same store sales in the third quarter. The retailer expects earnings of 58 cents to 61 cents per share for the fourth quarter, down from the previous estimate of 62 to 65 cents per share.
Shares are lower by nearly 22 percent.
The Omaha, Nebraska based retailer competes with stores such as Ross (NASDAQ:ROST), TJX (NYSE:TJX), and Target (NYSE:TGT).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.