Bombay Withdraws Previously Restated Results

Share this article:
The Bombay Company, Fort Worth, TX, reported this week that it withdrew the restated financial results it released March 22 as a result of new information from the Securities and Exchange Commission.


The earlier restatement came after the company finalized the review of its lease accounting practices in light of information received from the SEC on Feb. 7. The company said then that it would modify its lease accounting practices.


But since the March 22 announcement, the SEC provided further information that Bombay said caused it to reassess the manner in which it had planned to revise its lease accounting practices.


The company expects to complete its evaluation of the new information within a week and to release revised financial statements at that time.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Pet World's Multichannel Marketing Is a Whole Other Animal

Pet World's Multichannel Marketing Is a Whole Other ...

The family owned pet store redesigns its website to bring the in-store experience online.

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.