Bluestem Group Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended February 2, 2018. For the quarter, the company reported net sales of $621.341 million against $750.327 million a year ago. Total net sales and revenue was $622.716 million against $758.135 million a year ago. Operating loss was $161.859 million against $357.886 million a year ago. Loss before income taxes was $174.150 million against $371.497 million a year ago. Net loss was $140.466 million against $310.235 million a year ago. Basic and diluted loss per share was $1.06 against $2.36 a year ago. Adjusted EBITDA was $53.348 million against $66.197 million a year ago.

For the year, the company reported net sales were $1,887.655 million against $2,092.030 million a year ago. Total net sales and revenue was $1,891.552 million against $2,100.596 million a year ago. Operating loss was $198.816 million against $393.750 million a year ago. Loss before income taxes was $249.508 million against $447.755 million a year ago. Net loss was $214.310 million against $387.712 million a year ago. Basic and diluted loss per share was $1.62 against $2.92 a year ago. Net cash provided by operating activities was $145.791 million against $145.272 million a year ago. Net purchases of property and equipment was $20.462 million against $43.383 million a year ago. Adjusted EBITDA was $87.872 million against $92.387 million a year ago.

For the quarter, the company reported loss on impairment was $191.919 million against $354.432 million a year ago. Non-cash intangible asset and goodwill impairment charge during the fourth quarter of fiscal 2017 primarily related to the Orchard tradenames and goodwill intangible assets.