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o discuss our third quarter results. Obviously we are disappointed with our absolute results for the third quarter. However, we believe we managed the business well despite what are indisputably the worst market conditions in decades.While we've been hurt like everyone else, our wounds are not self inflicted. We believe we
cheap Michael Kors Patent Leather Logo Large Brown Satchels are on the right path in this environment, and we remain focused on three key areas; protecting the integrity of our brands, controlling and reducing costs, and maintaining and protecting our strong balance sheet and liquidity.For the third quarter it is worth
cheap Michael Kors Bowling Stud Medium Apricot Satchels noting that we were on plan in August and September but October was worse than expected, as consumers reacted negatively to the deluge of bad economic news. Consolidated net sales for the third quarter ended November 1, 2008 were$244 million compared to $286 in the same time period of the prior year.Earnings per diluted share during this period were $0.31 compared to $0.76 in the same period last year. These results include $0.07 per share of restructuring and other unusual items comprised of $0.04 per share of the write off of unamortized deferred financing costs and $0.03 per share of severance. In response to the extraordinary market conditions that exist, we have
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