Pumpkin Patch loss widens as sales slide, debt mounts

Thu, 29 Sep 2016

By Edwin Mitson Sept. 29 (BusinessDesk) - Pumpkin Patch's annual loss widened by 71 percent as the indebted children and babywear retailer's revenue sank with store closures and as its international wholesale business struggled. The Auckland-based company posted a net loss of $15.5 million in the 12 months ended July 31 from $9 million a year earlier, it said in a statement. Revenues dropped 11 percent to $212.4 million, and adjusted earnings before interest, taxation, amortisation and depreciation fell 71 percent to $3.4 million, at the...

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