Crumbs Bake Shop, Inc. (CRMB) Misses Q3 EPS by 7c; Suspends Previous Guidance

Article Stock Quotes (1) Comments (0)

Crumbs Bake Shop, Inc. (NASDAQ: CRMB) reported Q3 EPS of ($0.17), $0.07 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $8.9 million versus the consensus estimate of $10.1 million.

Management is suspending its previously announced guidance for 2011 net sales and adjusted EBITDA but is reaffirming its new store development outlook of 16-18 store openings within existing markets. For 2012, the Company will continue to open stores in both existing markets and new markets such as Boston and Philadelphia and intends to address its overall outlook development and financial outlook when it reports year-end results early next year.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Abercrombie & Fitch Co. (ANF) Misses Q1 EPS by 4c; Guides FY Below Views
• Aeropostale, Inc. (ARO) Tops Q1 EPS by 1c; Guide for Wide Q2 Loss
• Zumiez, Inc. (ZUMZ) Tops Q1 EPS by 1c; Guides In-Line

Create E-mail Alert Related Categories

Earnings, Guidance

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?