Content analysis
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New words:
absence, absent, accrual, administered, amortization, anticipate, anticipated, Antitrust, applying, assumption, attention, automatically, began, Buyer, circumstance, cloud, consideration, consummation, conversion, Daphne, debit, defense, Delaware, delay, delayed, distraction, diversion, enjoining, event, Exhibit, extinguished, harm, inability, indemnification, indirect, individually, inherent, instituted, institution, investor, LLC, marketplace, merger, modified, move, nondeductible, occasion, occurrence, ordinary, Parent, pendency, pending, prevent, professional, Proxy, restraining, Schedule, solicit, submit, submitted, subsidiary, Subtopic, successful, surviving, Sycamore, thereof, thereon, timeframe, turn, vote, waiting, withdrawing
Removed:
assessing, improvement, research, resulted
Financial report summary
?Competition
CanadaRisks
- Risks Related to Business Strategy and Operations
- Risks Related to General Economic Conditions
- Risks Related to Omnichannel Operations
- Risks Related to Information Technology Systems
- Risks Related to Sourcing and Distribution Strategies
Management Discussion
- For the third quarter, the Company reported net income of $5.0 million, or $0.04 per diluted share, compared to net income of $24.6 million, or $0.20 per diluted share, in last year’s third quarter. This year’s net income and earnings per diluted share include the impact of $8.0 million in Merger-related costs, after taxes.
- For the third quarter, net sales were $505.1 million compared to $518.3 million in last year’s third quarter. This decrease of 2.5% primarily reflects a comparable sales decrease of 2.7% since last year’s third quarter. The 2.7% comparable sales decline was driven by a decrease in transaction count, partially offset by an increase in average dollar sale.
- For the third quarter, gross profit was $196.4 million, or 38.9% of net sales, compared to $207.4 million, or 40.0% of net sales, in last year’s third quarter. This 110-basis-point decrease in gross margin primarily reflects higher occupancy costs, as well as deleverage on lower net sales.