that missed analyst expectations and withdrew their guidance for the full year. The company reported an adjusted loss of 38 cents per share and $2.76 billion in revenue, as same-store sales declined by more than 8%. Analysts expected 2 cents of adjusted earnings per share and $2.85 billion of revenue, according to Refinitiv.saw its stock rise more than 22% in extended trading after issuing new guidance for its fiscal fourth quarter.
The company now projects total net sales to be flat for the quarter. It had previously said it expected a low-single-digit percentage decline.fell more than 34% after the company released preliminary results for its fourth quarter that were below guidance. The company said it will report total revenue between $29.5 million and $30.1 million next month. It had previously given guidance for revenue between $34 million and $38 million.
Source: News Formal (newsformal.com)
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