UPDATE 1-American Woodmark Q1 profit misses Street view
* Q1 loss/shr $0.24 vs est loss/shr $0.20
* Q1 sales $109.3 mln vs est $105.3 mln
Aug 24 (Reuters) - Kitchen cabinet maker American Woodmark Corp (AMWD.O) posted a wider-than-expected quarterly loss as the company spent more on promoting its products.
This is the sixth straight quarterly loss for the company with recession-hit consumers scaling back on big-ticket purchases.
The company's customers, which include Home Depot (HD.N) and Lowe's Cos Inc (LOW.N), have yet to see a recovery in demand for expensive home projects such as special-order kitchens.
For the first quarter ended July 31, the company, whose brands include American Woodmark, Timberlake and Shenandoah Cabinetry, posted a loss of $3.4 million, or 24 cents a share, compared with a loss of $6.4 million, or 45 cents a share a year ago.
The company had taken a restructuring charge of $2.6 million in the first quarter of 2009.
Revenue rose 8 percent to $109.3 million. Cost of sales and distribution rose 7 percent to $94.9 million.
Analysts on average had expected a loss of 20 cents a share, before special items, on revenue of $105.3 million, according to Thomson Reuters I/B/E/S.
Shares of the Winchester, Virginia-based company, which have lost 41 percent of their value since touching a year-high of $25.72 in April, closed at $15.28 Monday on Nasdaq. (Reporting by Divya Sharma in Bangalore; Editing by Roshni Menon)
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