Cutter & Buck Reports Net Loss in the Third Quarter Fiscal Year 2001.

Business WireMarch 09, 2001

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Cutter & Buck Reports Net Loss in the Third Quarter Fiscal Year 2001.

Business Editors

SEATTLE--(BUSINESS WIRE)--March 9, 2001

Cutter & Buck Inc. (Nasdaq:CBUK) today reported sales and earnings for its third quarter and nine months ended January 31, 2001.

Third Quarter Highlights:

-- Net sales increased 2% to $32.4 million, compared to last year's $31.8 million -- Gross margins were 45.8%, 94 basis points ahead of the same quarter last year -- Net loss was $963 thousand, compared to net income of $1.4 million in the same quarter last year -- ...

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