Christopher & Banks Corp. (CBK) posted first-quarter net income of $0.63 million, or $0.02 per share, including a $0.1 million non-cash asset impairment charge, versus last year's net loss of $13.4 million, or $0.38 per share, which included a $0.8 million, or $0.02 per share, credit related to the non-cash asset impairment and restructuring charges. On average, 3 analysts polled by Thomson Reuters expected loss per share of $0.07 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly net sales totaled $108.5 million, up compared with $93.6 million for the thirteen weeks ended April 28, 2012, with same-store sales rising 23.4% year-over-year. Analysts estimated revenues of $105.31 million for the quarter.
Looking ahead to the second quarter of fiscal 2013, Christopher & Banks expects same-store sales to grow in the range of 8% - 10% for the thirteen weeks ended August 3, 2013, over the prior year, during which the company had an 8.9% same-store sales growth.
For the fiscal 2013, the company expects to open five outlet stores, two new MPW (missy, petite and women) stores and to convert twelve existing stores to six MPW stores.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.