Coldwater Creek (CWTR) Widens Q4 Loss Estimate to 18c - 24c/Share
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Coldwater Creek Inc. (Nasdaq: CWTR) reports that comparable premium store sales declined approximately 9% for the 9-week period from October 30, 2011 to December 31, 2011, as compared to the comparable 9-week period in the prior year, representing a continued improvement in comparable sales trends over both the prior year and the first three quarters of fiscal 2011.
The Company also announced that it now expects to report a loss per share of $0.18-$0.24 for the fourth quarter of fiscal 2011, which compares to its previous guidance of a loss of $0.13-$0.21 per share. The Street sees a loss of 17 cents per share.
This compares to a loss per share of $0.40 in the fourth quarter of fiscal 2010 which included a non-cash charge of $2.9 million, or $0.03 per share, related to certain retail store asset impairments.
The Company also announced that it now expects to report a loss per share of $0.18-$0.24 for the fourth quarter of fiscal 2011, which compares to its previous guidance of a loss of $0.13-$0.21 per share. The Street sees a loss of 17 cents per share.
This compares to a loss per share of $0.40 in the fourth quarter of fiscal 2010 which included a non-cash charge of $2.9 million, or $0.03 per share, related to certain retail store asset impairments.
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