Christopher & Banks (CBK) Tops Q3 EPS by 4c; Q4 Revenue Outlook Light of Views

Christopher & Banks (NYSE: CBK) reported Q3 EPS of $0.09, $0.04 better than the analyst estimate of $0.05. Revenue for the quarter came in at $106.7 million versus the consensus estimate of $104.66 million.

• Comparable sales increased 4.5% compared to a 6.7% decrease in the same period last year.
• Gross margin rate increased 95 basis points to 36.8%, as compared to last year’s third quarter.

GUIDANCE:

Christopher & Banks sees Q4 2016 revenue of $93-97 million, versus the consensus of $99.6 million.

For earnings history and earnings-related data on Christopher & Banks (CBK) click here.

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