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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.