Charming Shoppes Inc. (CHRS) posted a narrower fourth quarter GAAP net loss of 13.2 million or $0.11 per share compared with $30.4 million or $0.26 per share loss a year ago. On a non-GAAP basis, net loss also narrowed to $0.06 per share from last year's $0.08 per share, both periods excluding restructuring and other items. On average, 4 analysts polled by Thomson Reuters expected loss per share of $0.02 for the quarter. Analysts' estimates typically exclude one-time items.
Net sales were $559.1 million for the recent quarter, a 2.9% decrease from $575.8 million in the prior-year period. The $16.7 million decrease includes the impact of operating 207 fewer stores than in the previous year, partially offset by a consolidated comparable-store sales rise of 1%. Three analysts estimated revenues of $542.27 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.