Cache Reports Third Quarter EPs of $(0.39)

Cache Inc., CACH reported results for the thirteen (“third quarter”) and thirty-nine week periods ended October 2, 2010.

For the 13-week period ended October 2, 2010:

• Net sales increased 1.3% to $45.5 million from $44.9 million in the third quarter of fiscal 2009. Comparable store sales were flat, as compared to a decrease of 21.7% in the third quarter of fiscal 2009;
• Net loss totaled $5.0 million or ($0.39) per share, including $0.08 per share in legal fees related to pending litigation. This compares to a net loss of $6.8 million or ($0.53) per share in the third quarter of fiscal 2009;
• Adjusted net loss for the 13-week period in fiscal 2010 was $4.0 million or ($0.31) per share, excluding legal fees related to pending litigation, compared to an adjusted net loss of $5.5 million or ($0.43) per share, excluding separation agreement costs.