Rochester, NY 8/27/2009 8:58:09 PM
Jennifer Convertibles, Inc. JEN,Third Quarter Revenue Results Posted
Jennifer Convertibles, Inc.
Jennifer Convertibles is the owner and licensor of the United States retail stores for sofa beds largest group with stores located throughout the Eastern seaboard in the Midwest on the West Coast and in the Southwest. The company's stores specialize in the sale of a complete line of sofa beds and companion pieces such as loveseats chairs and recliners. Jennifer Convertibles Inc has $3.6 million market cap; at around $0.5 traded of its shares.
Jennifer Convertibles Reports Third Quarter Results Revenue from continuing operations decreased 21.9% for quarter, 20.2% year-to-date. Comparable store sales decreased by 26.5% for quarter, 23.9% year-to-date. Loss from continuing operations $1,514,000 versus $620,000 for quarter, $5,503,000 versus $2,217,000 year to date. Basic and Diluted EPS ($0.22) versus ($0.10) for quarter, ($0.81) versus ($0.35) year to date. Release of Security Interest and Termination of Obligations Under Credit Facility. Engages TM Capital Corp
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