Christopher & Banks (CBK) Posts Q2 Loss of 1c/Share; Comps Up 7.7%

Christopher & Banks Corp. (NYSE: CBK) reported Q2 EPS of ($0.01), $0.01 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $104.2 million versus the consensus estimate of $105.4 million.

Same-store sales increased 7.7%, as compared to the thirteen weeks ended August 4, 2012, during which the Company had an 8.9% same-store sales increase.

For Q3:
* same-store sales to increase in the mid-single digit range for the thirteen weeks ended November 2, 2013, as compared to the thirteen weeks ended November 3, 2012, during which the Company had a 13.6% same-store sales increase;

* inventory levels to be in-line with the Company’s anticipated increase in same-store sales.

For FY13:

* slight positive leverage on SG&A as a percent of net sales;

* capital expenditures to be approximately $10.0 million to $10.6 million;

* to open six outlet stores, two new MPW stores and to convert twenty-four existing stores to twelve MPW stores;

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

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