Charming Shoppes amends earnings guidance for year ending Jan, 28

08 Jul '05

7 min read

Revised Outlook for the Second Quarter ending July 30, 2005
For the second quarter ending July 30, 2005, the Company has upwardly revised its projections for diluted earnings per share to a range of $0.26 - $0.28.

This projection includes operating activity from Crosstown Traders beginning June 2, 2005, assumes total consolidated sales in a range of $700 to $705 million and comparable store sales increases of low single digits for the Company's retail store brands.

For the corresponding period ended July 31, 2004, diluted earnings per share were $0.21. During the second quarter ending July 30, 2005, the Company projects no accretive effect on earnings per share from the acquisition of Crosstown Traders.

Outlook for the Third Quarter ending October 29, 2005:
For the third quarter ending October 29, 2005, the Company has projected diluted earnings per share in the range of $0.07 - $0.08. This projection assumes total consolidated sales in a range of $650 to $660 million and comparable store sales increases of low single digits for the Company's retail store brands.

For the corresponding period ended October 30, 2004, diluted earnings per share were $0.05. During the third quarter ending October 29, 2005, the Company projects minimal accretive effect on earnings per share from the acquisition of Crosstown Traders.

Outlook for the Fourth Quarter ending January 28, 2006
For the fourth quarter ending January 28, 2006, the Company has projected diluted earnings per share in the range of $0.13 - $0.14.

More Charming Shoppes Inc News... More Fashion News - United States Of America...