Apparel and home decor retailer Gordmans Stores Inc. (GMAN) posted first-quarter net income of $3.2 million or $0.17 per share, compared to $8.1 million or $0.41 per share in the comparable quarter last year. On average, four analysts polled by Thomson Reuters expected the company to earn $0.12 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter decreased 1.9 percent to $131.43 million from $133.92 million in the prior-year quarter, while four analysts had a consensus revenue estimate of $129.36 million for the quarter.
Looking ahead to the second quarter, the company projects earnings in the range of $0.01 per share to $0.03 per share and revenues to be between $135 million and $137 million. Analysts currently expect second quarter earnings of $0.12 per share and revenues of $138.39 million.
Comparable store sales for the first quarter of fiscal 2013 dropped 10.5 percent over the first quarter of fiscal 2012.
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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.