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Heritage Home sees $17.9 million operating loss for Nov. 25-Dec. 29
By Caroline Salls
Pittsburgh, Feb. 4 – Heritage Home Group, LLC reported a $17.9 million loss from operations for the period of Nov. 25 through Dec. 29 on $10.58 million in net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
Those figures compared to the $8.55 million loss from operations posted for the period of Oct. 28 through Nov. 24 on $21.04 million in net sales.
The net loss for the December period was $13.09 million, declining from $3.57 million of net income for the previous period.
Heritage Home had $5.21 million in cash as of Dec. 29, down from $8.49 million at Nov. 24.
High Point, N.C.-based Heritage Home Group is a home furnishings manufacturer and retailer. The company filed bankruptcy on July 29 under Chapter 11 case number 18-11736.
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