Charlotte Russe targets to open 60 new stores

24 Jan '08

3 min read

This compares to diluted earnings per share of $0.15 for the second quarter of fiscal 2007. As has been the Company's policy, this guidance does not include the potential of any business risks, opportunities or developments that may occur after January 23, 2008.

Management does not expect to report on its second quarter financial performance, or to comment on it to the investment community, until after the financial results for the second quarter have been released on or about April 23, 2008."

Financial Results:
Sales:
Net sales for the first quarter increased 13.9% to $238.2 million from $209.2 million for the first quarter last year. Comparable store sales increased 1.5% during the quarter.

Operating Income:
Operating income for the first quarter was $22.1 million as compared to $21.8 million for the same quarter last year, an increase of 1.6%.

Net Income:
Net Income for the first quarter was $14.0 million as compared to $13.9 million for the same quarter last year, an increase of 0.7%.

Earnings Per Share:
Diluted earnings per share for the first quarter were $0.56 as compared to $0.55 for the same quarter last year.

Charlotte Russe Holding Inc

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