The Sandpoint, Idaho, company said it expects to make 7 cents to 9 cents a share for the first quarter ending in April, shy of the 14-cent Thomson Financial target.
The company expects to make 55 cents to 63 cents a share for the year on sales of $1.24 billion to $1.27 billion. Analysts were looking for an 80-cent profit on sales of $1.28 billion.
The news comes just three weeks after Coldwater took a 16% plunge following a fourth-quarter earnings warning. At the time, the company blamed soft sales of its moleskin pants.
Shares fell $1.96 late Thursday to $17.08.
P.S. Will you be there when Cramer makes his next move?
Strong brands and companies with vast market exposure can help bolster your portfolio. Jim was able to lock in a 64% gain by buying Ingersoll-Rand at $13 and selling at $22.50. Action Alerts PLUS members were the first to see these moves. Were you among them? Get Free Access Today!
Retail Revamp Plan Lights Up Circuit City 2/8/2007 2:58 PM EST Shares jump after the retailer says it will close stores and change its merchandising structure.
Retail Big Chill Warms Retailers 2/8/2007 12:16 PM EST January sales are solid as cold weather helped move seasonal merchandise.
Retail Gap Head Designer Departs 2/8/2007 8:57 AM EST The company will launch an external search for Charlotte Neuville's replacement.
RSS FEEDS
PODCASTS
