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.
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