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According to Al Bayan, the company reported a loss of 0.46 cents per share, compared to a profit of $ 0.78 in the same period of the previous year.
The loss came in a little better than expected. In the previous quarter, the company made a profit of $ 0.32 a share.
Revenue fell to $ 4.2 billion, a decrease of 38% compared to the same period last year.
The company also indicated that, in addition to lower sales, additional costs were incurred by the pandemic, including wage programs and safety measures.
The report covers the 13-week fiscal period that ends on June 28.
The company said it expects the negative impact of the Corona Virus Crisis to drop significantly over the next quarter.
Despite the Corona pandemic, the company opened 130 new stores during the last quarter.
(Fun Knowledge of Knowledge)
