American Apparel Inc (NYSEAMEX:APP) reported that loss in the second-quarter broadened as a boost on the change in the fair value of warrants and purchase rights lifted the branded-apparel retailer’s results in previous year, though revenue climbed.
The retailer announced a net loss of $15.3 million or 14 cents per share in the three months period finished June 30, evaluated against a loss of $213,000 or unchanged earnings a share in the similar quarter previous year.
The company reported that sales totaled $149.5 million or a 13% boost from $132.8 million in the quarter previous year.
American Apparel declared that its wholesale business moved up 10%. Same-store sales, a key guage of sales as it compares stores open almost a year, surged 14%.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Urban Outfitters, Inc (NASDAQ:URBN) rose +3.03% to settle at $31.24, Guess?, Inc (NYSE:GES) moved up +2.18% to end at $32.28 while Abercrombie & Fitch Co (NYSE:ANF) jumped +8.97% to finish on Wednesday at $35.23.
American Apparel Inc (NYSE:APP) on Aug 15, 2012 increased +3.00% to the closing price of $1.03. The overall volume in the last trading session was 1.14 million shares. Its fifty two week range was $0.52-$1.21. The total market capitalization remained $109.09 million.
APP is ahead its 52 week low with 98.08% and going forward from its 52 week high price with 14.88%. APP last month stock price volatility remained 5.45%. In its share capital APP has 105.91 million outstanding shares among them 55.46 million shares have been floated in market exchange. APP stock institutional ownership remained 27.54% while insider ownership included 1.24%.
The stock price of APP is moving forward from its 20 days moving average with +12.81% and remote positively from 50 days moving average with +16.70%. APP current year earnings per share experienced an addition with 64.77% while its current quarter performance remained 19.77%. Company’s beta coefficient included 2.34. Beta factors measures the amount of market risk associated with market trade.
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