Cache Inc. (CACH) reported that its fourth-quarter net loss totaled $5.5 million or $0.41 per share, compared to net income of $1.9 million or $0.14 per share, in the prior year period.
The latest-quarter result included a $2.5 million or, $0.18 per share, tax valuation allowance charge and a $682,000 or $0.05 per share, non-cash asset impairment charge.
The prior year quarter result included a $562,000 or $0.04 per share, benefit from the reversal of the tax valuation allowance against net deferred tax assets; a $396,000, or $0.03 per share, non-cash store impairment charge; and a $190,000, or $0.02 per share, benefit from a gain on note payable settlement.
Adjusted net loss for the quarter was $2.4 million, or $0.18 per share, compared to adjusted net income of $1.5 million, or $0.11 per share, in the fourth quarter of fiscal 2011. Analysts polled by Thomson Reuters expected the company to report a loss of $0.11 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales decreased 3.3% to $60.8 million from $62.9 million in the fourth quarter of fiscal 2011. Comparable store sales decreased 0.7%, compared to an increase of 12.4% in the fourth quarter of fiscal 2011.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.