Coldwater Creek (CWTR) got soaked again Thursday after the retailer offered soft guidance for its new fiscal year.
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.