Coldwater Creek (CWTR) Widens Q4 Loss Estimate to 18c - 24c/Share

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Palo Alto Networks (PANW) Tops Q4 EPS by 4c, Offers Guidance
• Marvell Technology (MRVL) Tops Q2 EPS by 1c, Offers Guidance
• Elastic N.V. (ESTC) Tops Q1 EPS by 12c, Beats on Revenue; offers FY27 Guidance