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Gottschalks posts $374,000 October net profit on zero revenues
By Caroline Salls
Pittsburgh, Nov. 20 - Gottschalks, Inc. reported a $374,000 net profit for the period of Oct. 4 to Oct. 31 on zero total revenues, according to its monthly operating report filed Friday with the Securities and Exchange Commission.
In comparison, the company posted a $612,000 net loss for the period of Aug. 30 to Oct. 3 on $21,000 in total revenues.
The company had $11.44 million in cash and cash equivalents at Oct. 31, down from $11.94 million at Oct. 3.
Gottschalks, a Fresno, Calif.-based regional department store chain, filed for bankruptcy on Jan. 13, 2009 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 09-10157.
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