Whitehall Jewellers Postpones Q4 and Fiscal Year Results
April 03, 05
Fine jewelry retailer Whitehall Jewellers announced Friday that due to the death of its President and CEO, Hugh Patinkin, it is delaying the release of its fourth quarter and fiscal year-end results, slated for this Tuesday.
Patinkin, 54, passed away last Wednesday, March 30. The company may also delay the filing of its Annual Report on Form 10-K due to the changes in management.
Whitehall Jewellers currently operating 384 stores in 38 U.S. states.
At the close of the last fiscal year Whitehall Jewelers reported a rise in sales, but a drop in net income: net sales of $136.6 million for the fourth quarter and a net income of $5.9 million.