Damark to Report Losses

Share this article:
Relationship marketer Damark International, Minneapolis, expects to report operating losses in the third and fourth quarters because of substantial investments in its growing membership services business.


Analyst estimates are for a loss per share of 13 cents for the third quarter ending Sept. 26 and earnings per share of 33 cents in the fourth quarter. Those figures compare with EPS of 9 cents and 35 cents respectively for the same quarters in 1997.


Damark chairman/CEO Mark Cohn projects the company's membership program, which had 1.4 million members as of June, to approach 2 million by year's end.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Agency

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Agency

The Mobile-Email Marriage

The Mobile-Email Marriage

Marketers who considered leaving email at the altar are finding renewed passion for the channel as an ever-increasing number of customers triage, read, and click-through email on their smartphones.

Harnessing Deep Industry Expertise to Capture New Markets

Harnessing Deep Industry Expertise to Capture New Markets

Darren Rodgers explains how he applies his deep healthcare expertise, and broad organizational experience, to marketing in an industry in the throes of historic transformation.

Fast Facts: October 2014

Fast Facts: October 2014

Some quick info hits to keep you up-to-date, including the percentage of emails opened on mobile devices.