Brookstone Warns of Wider Loss

Nashua, NH–Lackluster consumer demand for products forced upscale gadgets cataloger/retailer Brookstone (NasdaqNM: BKST) to warn of a greater-than-expected second-quarter loss as well as a lower-than-expected year-end profit. For the second quarter, the company forecasts an loss per share of $0.28-$0.33, compared to its previously projected loss of $0.16-$0.20 per share in May. Brookstone also forecast earnings per share of $1.80-$1.85 for the year, down from the previous projection of $2.02-$2.07.

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