Christopher & Banks Corp. (CBK) Wed reported a narrower loss for the fourth quarter, due mainly to higher revenues, and healthier margins.
Net loss for the quarter narrowed to $4.05 million or $0.11 per share from $53.22 million or $1.50 per share in the comparable quarter last year.
Year-ago results included one-time charges amounting to $21.2 million relating to impairment and restructuring.
Revenues totaled $116.0 million, up from $105.6 million last year. Same-store sales improved 18.5 percent from last year.
Looking ahead to the first quarter same-store sales are expected to increase in the low twenty percent range.
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