Martha Stewart Living Omnimedia (NYSE: MSO) posted another loss on falling revenue, a further sign that the company is not a viable standalone firm.
Revenue for the second calendar quarter of the year fell to $47.9 million from $54.9 million in the same quarter a year ago. The operating loss for the most recent period was $2.9 million compared to $2.5 million last year.
Merchandising remains the firm’s only strong operation. Revenue in the unit rose from $12.9 million last year to $14.5 million. EBITDA rose to $10.3 million from $8.5 million. Martha Stewart Living Omnimedia’s publishing operation is hardly worth keeping. Revenue fell from $34.1 million to $28.8 million. The EBITDA loss for publishing was $4.6 million, compared to $1.6 million in the same quarter a year ago.
Regarding the publishing numbers, the firm reported “The decline was anticipated in part due to the timing of changes in the advertising sales staff.”
So, for the second half, numbers will clearly be much better. Not likely.
Douglas A. McIntyre
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.