Christopher & Banks Corp. (CBK) reported a net loss of $2.1 million or $0.06 per share for the second quarter, compared to net income of $0.8 million or $0.02 per share in the prior year quarter.
Second quarter net sales fell to $101.2 million from $128.5 million for the second quarter of fiscal year 2009. Comparable store sales from continuing operations for the second quarter of fiscal 2010 decreased by 22%.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share on revenue of $103.57 million for the quarter. Analysts' estimates typically exclude special items.
For the third quarter of fiscal 2010, the company expects a decline in comparable store sales in the low-to-mid teens.
In addition, the company said that its board declared a quarterly cash dividend of $0.06 per share, to be payable October 22, to shareholders of record at the close of business on October 8.
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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.