Claire’s Stores – August M.O.R. Reports Operating Income of $10.7 million, Restructuring Charge of $10.4 million

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September 28, 2018 – Claire’s Stores filed with the U.S. Bankruptcy Court a monthly operating report for the period of August 5, 2018 through September 1, 2018 [Docket No. 1058]. For the period, the consolidated Debtors reported operating income of $10.7 million and a net loss of $277,814 on $119.8 million in net sales. The net loss reflected in large part a charge of $10.4 million for restructuring items. The Debtors further reported $88.6 million in cost of sales and $20.2 million in SG&A. Bank cash at the beginning and end of the month was $16.8 million and $30.7 million, respectively.

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