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Orchard Supply swings to loss in Q2; on track with opening/remodeling program
San Jose, Calif. -- Orchard Supply Hardware Stores Corp. reported Tuesday a loss of $26.7 million for the quarter ended July 28, compared with net income of $3.9 million in the year-ago period. The results include write-offs and charges related to real estate sale-leaseback transactions.
Sales dipped to $194.1 million from $196.4 million, and same-store sales edged up 0.9%.