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Crescent Jewelers posts $412,000 loss in February
By Ellen Chang
Houston, March 24 - Crescent Jewelers reported a $412,000 net loss in February on sales of $13.19 million, according to the company's monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Northern District of California.
In January, the company reported a $2.36 million net loss on sales of $6.66 million.
Operating expenses were $11.90 million, compared to $6.84 million in January.
EBITDAR for the month was $1.33 million compared to a negative $104,000 in January.
Cash at the end of the month was $975,000, compared to $813,000 in January.
Oakland, Calif.-based Crescent filed for bankruptcy on Aug. 11, 2004. Its Chapter 11 case number is 04-44416.
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