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TOPPS HITS BOTTOM? CARD COMPANY REPORTS QUARTER LOSS
Published January 12, 1998
Topps Co. reported a net loss for the third quarter, ended November 29, of $8.5M, or $0.18 a share, compared with a net loss of $18.5M, or $0.39 per share, a year-earlier. For the nine months ended November 29, Topps reported a net loss of $9.5M, compared with a net loss of $13.5M for the year-earlier period (CRAIN'S N.Y. BUSINESS, 1/5 issue). In N.Y., Bill Madden added Topps "eliminated 30 jobs, including its PR operation, headed by former Yankee publicist and TV producer Marty Appel" (N.Y. DAILY NEWS, 1/11).