CPI Corp. (CPY) Reports A Wider Than Expected Loss
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CPI Corp. (NYSE: CPY) reports Q2 EPS of ($0.49) versus the analyst estimate of ($0.08). Revenue for the quarter was $81.4 million, versus the consensus of $87.01 million.
The Company's preliminary net sales for the first five weeks of the third quarter, on a comparable same-store point-of-sale basis, excluding the impacts of foreign currency translation, decreased 6% compared with the corresponding period in the prior year. PMPS and SPS net sales for the first five weeks of the third quarter were +10% and -20%, respectively.
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