Christopher & Banks (CBK) reported a fourth quarter loss of $0.11 per share after the close Wednesday, compared to the loss of $1.50 per share last year. 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. The stock is now up 0.38 on 15K shares.
Christopher & Banks gapped up Wednesday, but traded in a range for the majority of the session. The stock closed up by 0.18 at $6.57 on above average volume.
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