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Naked Brand fiscal Q2 loss widens YOY

Naked Brand Group Inc. said its normalized net income for the fiscal second quarter ended July 31 came to a loss of $19.91 per share, compared with a loss of $1.25 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $17.9 million, compared with a loss of $969,740 in the prior-year period.

Total revenue fell 19.0% on an annual basis to $164,990 from $203,790, and total operating expenses rose 25.1% from the prior-year period to $1.4 million from $1.1 million.

Reported net income came to a loss of $29.0 million, or a loss of $32.34 per share, compared to a loss of $2.0 million, or a loss of $2.62 per share, in the prior-year period.