Egghead Software anticipates a second quarter loss.SPOKANE Spokane, city, United States Spokane (spōkăn`), city (1990 pop. 177,196), seat of Spokane co., E Wash., at the spectacular falls of the Spokane River; inc. 1881. , Wash.--(BUSINESS WIRE)--Sept. 26, 1995--Egghead Software (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EGGS) announced today that it currently anticipates a loss for the second quarter ending Sept. 30, 1995, to be in the range of 21 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . The corporate direct sales business is experiencing softer than planned sales and margins. During the first two months of the quarter, sales declined 20 percent in comparison to last year. The September September: see month. month to date trend is 12 percent down from last year. For the two months prior to September, retail sales were up 11 percent over last year. Total retail sales through Sept. 23, 1995, are up in excess of 20 percent vs. last year with 16 fewer stores. September comparable store sales are currently up 27 percent against last year. Retail initial margin is expected to be higher than planned. The retail sales of products associated with Windows 95 have been better than expected, none-the-less total sales have not met expectations. Included in this quarter's estimate are the previously announced extraordinary costs associated with consolidating certain of the company's operations in Spokane. CONTACT: Egghead Software This article is about historical United States software retailer. For other uses for the word "egghead", see Egghead (disambiguation). Egghead Software was founded in 1984 as a computer software retail company. Inc., Spokane Brian W. Bender, 509/891-4851 |
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