| Christopher and Banks Corp.
Earnings Call |
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Christopher & Banks Earnings Call, First Quarter 2009
21st July 2008 00:00 AM |
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| Sales were $159.6 million, up 6.8% from $149.4 million in 2007 due to strong performance in knits and woven tops categories. |
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| The retailer of women''s apparel reported net income of $11.3 million or 32 cents a share, down marginally from $11.7 million or 32 cents a share in the prior year due to a higher expense mix. Despite the downturn in traffic, merchandise margins increased 150 basis points as tight inventory controls allowed for more full-price selling and less of a need to mark down merchandise. The company completed the installation of its new point of sale registers in 550 of its stores. |
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Christopher and Banks Fourth Quarter Earnings Call
12th April 2008 00:00 AM |
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| Net loss was $8.3 million or 23 cents a share, down from a profit of $1.92 million or 5 cents a share in the prior year on declining sales. |
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| The retailer of women’s clothes reported sales of $125 million, down 6.5% from $134 million in 2007 as comparable store sales fell. Christopher and Banks is making progress on initiatives that will build a stronger platform and allow it to evolve and improve internal operations and store processes. In the meantime, the firm is positioned to navigate through a challenging environment, with inventory per store down 22% and merchandise receipt levels planned conservatively. |
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Christopher and Banks Fourth Quarter Earnings Call
17th April 2007 00:00 AM |
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| Net profit decreased 72% to $1.9 million driven by soft sales and merchandise discounts. |
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| The specialty retailer of women’s apparel reported revenue increase of 6% to $134 million due to positive customer response experienced to the spring collection in March. The fourth quarter benefited from an extra week compared with the year-ago quarter. Same-store sales dropped 7%. Weaknesses in the categories of sweaters and fashion knit tops hurt the most during Q4. The company expects Q1 earnings in the range of 30 cents and 31 cents a share and plans to open 70 stores in fiscal 2008. |
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