mass. movers

Casual Male hurt by tax hike

Casual Male Retail Group Inc.’s first-quarter net income dropped 45 percent, hurt by a higher tax rate. The men’s clothing and accessories company said Friday it earned $2.3 million, or 5 cents per share. That’s down from $4.2 million, or 9 cents per share, a year ago. Analysts epected 6 cents. Casual Male’s tax rate jumped to 40.4 percent from 10.1 percent due to the reversal of a valuation allowance in fiscal 2011. Revenue edged up slightly to $95.9 million.

Your comment is subject to the rules of our Posting Policy

This comment may appear on your public profile. Public Profile FAQ

We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of