Chicago-based Hartmarx Corp. on Thursday reported a net loss of $21.3 million for its fiscal second quarter, widening from a loss of $6.9 million in the year-earlier quarter.
The results reflect an $18.3 million charge that Hartmarx took for the sale of its Kuppenheimer division, which marks the apparel maker’s exit from retailing.
Net loss from continuing operations for the quarter, ended May 31, was $3 million, narrowing from a $4 million loss in the 1994 period.
Quarterly revenues, down to $135 million from $138 million a year earlier, reflected lower sales of moderately priced, private-label tailored clothing.
For the six months, Hartmarx reported a net loss of $21.2 million, widening from a loss of $7.7 million for the year-earlier period. However, net losses from continuing operations narrowed to $2.9 million from $5.9 million in the 1994 period.
Revenues slipped to $284.3 million from $286.6 million in the year-earlier half.
