Net loss expanded to $3,891,000 from a loss of $920,000 in Q4 ended Feb. 3 on 4% higher revenues of $243,232,000 from $234,201,000, benefitting from $13.0 million in sales in the 14th week this quarter, but comps declined 0.5%. Net income was impacted by a $6.3 million charge for the effects of tax reform and $3.4 million of impairment charges for 30 underperforming stores, offset by $3.3 million of insurance proceeds for hurricane damage in Q3. Gross margin was up 140 basis points to 28.9% including the insurance benefit, but would have been flat otherwise. Traffic declined mid-single digits in ... Log in to view full article.