Charming Shoppes, Inc. (CHRS) reported second quarter net income of $4.98 million or $0.04 per share, compared to net loss of $10.68 million or $0.09 per share last year. The company noted that the current year's results include restructuring charges offset by a gain on the repurchase of debt; the prior year's results include restructuring charges and a loss from discontinued operations.
Income from continuing operations was $4.98 million or $0.04 per share, compared to loss from continuing operations of $5.52 million or $0.05 per share in the prior year quarter.
On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.03 per share. Analysts' estimates typically exclude special items.
Net sales declined to $527.22 million from $648.62 million in the comparable period a year ago.
Two analysts estimated revenues of $554.82 million.
For comments and feedback contact: editorial@rttnews.com
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.