Fashion retailer Charlotte Russe declares Q2 results
20 Apr '06
3 min read
The Company incurred a net loss of $11.6 million as compared to a net loss of $762,000 in the same quarter last year. The loss per share of 52 cents compared to a loss of 3 cents for the same quarter of the prior year. Excluding the Rampage non-cash impairment charge with its 60-cent impact per share and the cumulative adjustment for gift card income with its 5-cent impact per share, earnings per share improved to 3 cents as compared to a loss of 3 cents for the same quarter last year.
During the first 26 weeks of fiscal 2006, the Company reported an operating loss of $8.3 million as compared to $2.1 million profit during the same period last year. Excluding the two adjustments noted above, operating income for the first 26 weeks of fiscal 2006 was $12.2 million as compared to $2.1 million for the same period last year.
Charlotte Russe Holding Inc is an upward mall-based specialty vendor of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties. The company operated a total of 422 stores in 43 states and Puerto Rico, as of March 25, 2005, comprised of 356 Charlotte Russe stores and 66 Rampage stores. The company expects to open up to 35 new Charlotte Russe stores during the fiscal year ending in September 2006.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
