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CSS Industries: Fiscal 4Q Earnings Snapshot

May 30, 2019

PLYMOUTH MEETING, Pa. (AP) _ CSS Industries Inc. (CSS) on Thursday reported a loss of $23.4 million in its fiscal fourth quarter.

The Plymouth Meeting, Pennsylvania-based company said it had a loss of $2.65 per share. Losses, adjusted for one-time gains and costs, were $1.18 per share.

The maker of gift wrap, gift bags and greeting cards posted revenue of $72 million in the period.

For the year, the company reported that its loss widened to $53.5 million, or $5.97 per share. Revenue was reported as $382.3 million.

CSS Industries expects full-year revenue in the range of $355 million to $365 million.

CSS Industries shares have fallen 33% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.03, a decline of 63% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSS at https://www.zacks.com/ap/CSS

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