logo
Share SHARE
FONT-SIZE Plus   Neg

Charming Shoppes Q4 Loss Reduces - Quick Facts

Charming Shoppes Inc. (CHRS: Quote) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Software giant Microsoft Corp. said Monday after the markets closed that its second quarter profit fell 11% from last year, hurt mainly by integration and restructuring costs as well as higher income tax expenses even as revenue increased 8% due to strong sales of its gadgets and cloud-based products. English-made Cadbury chocolates will no longer be available in the United States, the result of a settlement between Hershey and a New Jersey-based import company. Beloved treats such as the Cadbury Creme Egg will only be sold in the U.S. using American chocolate, angering those who say the creamier... Gas prices are set to climb again after a long time due to rising wholesale prices. According to Lundberg Survey, while the national average price of gas fell 13 cents in the past two weeks to $2.07 a gallon, it could soon rise due to increased costs of crude oil in the past 10 days.
comments powered by Disqus
Follow RTT