Le Chateau Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended October 28, 2017. For the quarter, the company's sales were CAD 48,676,000 compared with CAD 55,421,000 a year ago. Loss from operating activities was CAD 5,196,000 compared with CAD 6,690,000 a year ago. Loss before income tax was CAD 7,121,000 compared with CAD 7,994,000 a year ago. Net loss was CAD 7,121,000 or CAD 0.24 per basic and diluted share compared with CAD 7,994,000 or CAD 0.27 per basic and diluted share a year ago. Cash flows used in operating activities was CAD 6,330,000 compared with CAD 3,933,000 a year ago. Additions to property and equipment and intangible assets were CAD 174,000 compared to CAD 1,733,000 a year ago. Adjusted LBITDA was CAD 2,525,000 compared with CAD 3,260,000 a year ago. The improvement of CAD 735,000 in adjusted EBITDA for the third quarter was primarily attributable to the reduction of CAD 4.9 million in selling, general and administrative expenses, partially offset by the decrease in gross margin dollars of CAD 4.2 million. The decrease in SG&A expenses resulted primarily from the reduction in store operating expenses due mainly to store closures. For the nine months, the company's sales were CAD 148,397,000 compared with CAD 163,967,000 a year ago. Loss from operating activities was CAD 15,875,000 compared with CAD 24,652,000 a year ago. Loss before income tax was CAD 20,961,000 compared with CAD 28,476,000 a year ago. Net loss was CAD 20,961,000 or CAD 0.70 per basic and diluted share compared with CAD 28,476,000 or CAD 0.95 per basic and diluted share a year ago. Cash flows used in operating activities was CAD 9,220,000 compared with CAD 16,717,000 a year ago. Additions to property and equipment and intangible assets were CAD 1,679,000 compared to CAD 4,288,000 a year ago. Adjusted LBITDA was CAD 7,070,000 compared with CAD 13,443,000 a year ago. The improvement of CAD 6.3 million in adjusted EBITDA for the first nine months of 2017 was primarily attributable to the reduction of CAD 13.7 million in SG&A expenses, partially offset by the decrease in gross margin dollars of CAD 7.4 million. The decrease in SG&A expenses resulted primarily from the reduction in store operating expenses due mainly to store closures.