|Stock symbol: CWTR|
|Reporting period: 1Q|
Loss of $19.4 million
(63 cents per share)
Versus 2012 1Q:
Loss of $23.8 million
(78 cents per share)
| Revenue: $155.7 million
Compared with $169.9 million 2012 1Q
| Analysis: Results were affected by unseasonable weather, said CEO Jill Dean. “We were able to more than offset softer-than-expected sales through gross margin rate expansion and disciplined expense management, delivering results consistent with the higher end of our expectations,” she said in a release.
The company also continued to close some retail stores, part of long-term strategy.
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