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Charming Shoppes Reports Smaller 1Q Loss
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BENSALEM, Pa. (AP) — Charming Shoppes Inc., which operates Lane Bryant and Fashion Bug stores, reported a smaller fiscal first-quarter loss on Wednesday, but the women's apparel retailer called its performance "disappointing."
In the quarter ended May 2, Charming Shoppes' losses totaled about $6.6 million, or 6 cents per share. That loss includes 7 cents per share in charges related to restructuring and other one-time items.
Analysts surveyed by Thomson Reuters, who generally exclude one-time items and discontinued operations from their estimates, forecast a loss of 7 cents per share for the most recent quarter. ...
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