* 4th-quarter revenue falls 18.3 pct to $66.2 mln
* Plans to cut jobs, expand credit line
* Shares drop 22 percent after market
(Adds CEO comment from conference call, details, background;
March 25 Women's apparel retailer Body Central
Corp raised doubt about its ability to continue as a
going concern after it reported its third straight quarterly
loss and negative cash flows from operations.
The company's shares fell as much as 22 percent to $1.27 in
The company said it was working on a better assortment in
its stores to win back shoppers in their mid 20's to mid 30's.
Body Central also said it would expand its credit facility,
cut jobs and defer certain capital projects to improve
"(The actions to increase liquidity) should be adequate to
finance our working capital needs through 2014 if we are
successful in executing our business plan," Chief Executive
Brian Woolf said on a conference call with analysts.
For the fourth quarter, Body Central reported a 26 percent
drop in comparable store sales, its eighth straight quarterly
The company said net revenue fell 18.3 percent to $66.2
million in the quarter ended Dec. 28. Analysts on average were
expecting revenue of $72.7 million, according to Thomson Reuters
Body Central's net loss narrowed to $23.3 million, or $1.42
per share, from $42.3 million, or $2.59 per share, a year
earlier. Excluding items, the company posted a loss of 74 cents
Body Central's shares have fallen about 59 percent to
Tuesday's close of $1.62 on the Nasdaq.
(Reporting by Maria Ajit Thomas in Bangalore; Editing by Don