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Thursday, May 24, 2018

=New York & Co (NWY) reported earnings on Thur 24 May 18 (a/h)

New York & Co reports Q1 results and provides outlook commentary 
  • Co reports Q1 EPS of $0.06 vs $0.04 single analyst estimate; revs +4.2% y/y to $218.8 mln vs $218 mln single analyst estimate; Comparable store sales increased 2.7%
  • Outlook: Net sales for the full Spring season are expected to be up slightly, reflecting growth in eCommerce and the addition of Fashion to Figure, partially offset by a reduced store count. Non-GAAP operating income for the Spring season is now expected to be in the range of $5 million to $6 million, as compared to non-GAAP operating income of $1.2 million in the prior year period. For the Spring season, the Company has increased its expectations and now expects non-GAAP operating income to be in the range of $5 million to $6 million

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