Home / Knowledge / News / Apparel/Garments / Charlotte Russe announces outlook for Q3 of fiscal 2008
Charlotte Russe announces outlook for Q3 of fiscal 2008
Mar '08
Charlotte Russe Holding Inc, a growing mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties, supplemented the Company's previous earnings guidance for the second quarter ending March 29, 2008 and provided the Company's current outlook for the third quarter ending June 28, 2008.

Income Tax Adjustment:
A favorable tax adjustment of approximately $830,000 will be recorded in the second quarter of fiscal 2008 resulting in a $0.03 benefit to diluted earnings per share. In addition, the Company is reducing the estimated effective income tax rate for fiscal 2008 from 39.4% to 38.3%.

The second quarter tax adjustment includes a reversal of a prior year tax accrual of approximately $580,000. The remaining adjustment reflects the impact of a lower effective tax rate in the first quarter of fiscal 2008. Beginning with the second quarter, the Company will accrue income tax expense at the revised rate of 38.3%.

The reduction in the estimated effective income tax rate is primarily driven by a revised blended state tax rate.

Second Quarter Earnings Guidance:
Based on business trends to-date, and excluding the tax adjustment described above, the Company re-affirms its previous sales and earnings guidance range of $0.12 to $0.15 diluted earnings per share for the second quarter ending March 29, 2008. Taking into account the $0.03 impact of the tax adjustment described above, the Company now anticipates diluted earnings per share in the range of $0.15 to $0.18 for the second quarter ending March 29, 2008.

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search