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Earnings Calls: 
Christopher and Banks Fourth Quarter Earnings Call
Author: 123jump.com Staff
123jump.com
Last Update: 4:23 PM EDT April 17 2007


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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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Source: Company filings    Q1:May  Q2:August  Q3:November  Q4:February
 
In terms of the comparable sales decline, it was much an even split between a reduction in the number of transactions and the average value per transaction.

How do you approach the clearance strategy or outlet stores coming off strategy going forward?

The company has not changed its strategy in terms of liquidation at this point in time. No outlet stores strategy has been implemented at this point. The web site would be too new for Christopher & Banks to pursue it from that perspective at this point to commit to.

Is the square category for the year in total going to continue to drop as a percent of total as it has in the last couple of years?

Yes, it will continue to drop.

You are done with your share repurchase program. Is that up to the board to authorize another one at this point?

At this point Christopher & Banks did complete the $40 million purchase of shares. Nothing has been authorized and it does require board approval to put anything else new in place.
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