LuAnn Via, President and Chief Executive Officer, stated, “I am both thrilled to join Christopher & Banks and excited about the opportunity to build upon the foundation that Joel and the team have established. The third quarter results are a testament to the effectiveness of the strategy that has been put in place and is confirmation that the Company is on the right path. I look forward to further building on this progress.”Results for the Thirty-Nine-Week Period Ended October 27, 2012
- Total net sales were $314.3 million, as compared to $330.5 million for the thirty-nine weeks ended October 29, 2011. Same-store sales increased 1.5% in the first nine months of fiscal 2012.
- Operating loss totaled $11.9 million, and included a $5.2 million pre-tax benefit related to restructuring charges. This compares to an operating loss of $28.5 million for the comparable thirty-nine week period last year.
- Net loss for the thirty-nine weeks ended October 27, 2012 was $12.0 million, or $0.34 per share, which incorporates a tax provision of approximately $173,000. This compares to a net loss of $28.1 million, or $0.79 per share, for the thirty-nine weeks ended October 29, 2011.