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Coldwater announces increase in Q2 sales & earnings guidance
15 Jul '08
1 min read
Coldwater Creek Inc announced that it has increased its sales and earnings guidance for the second quarter and full year of fiscal 2008.
The Company increased its second quarter fiscal 2008 sales guidance to a range of $235 million to $240 million and earnings per share to a range of $0.00 to $0.02. The previous ranges were $215 million to $239 million and $(0.09) to $(0.03), respectively.
For fiscal 2008, the Company increased its sales guidance to a range of $1,105 million to $1,151 million and earnings per share to a range of $(0.04) to $0.09. The previous ranges were $1,085 million to $1,150 million and $(0.13) to $0.04, respectively.
"We are very pleased with the results of the entire organization's intense focus on executing our strategic initiatives, particularly in light of the continued challenging retail environment," said Daniel Griesemer, president and chief executive officer of Coldwater Creek.
"We continue to focus on the aspects of the business within our control and remain committed to returning the company to sustainable and profitable growth and ensuring that our product and experience exceeds the Coldwater Creek customer's expectations."
The Company increased its second quarter fiscal 2008 sales guidance to a range of $235 million to $240 million and earnings per share to a range of $0.00 to $0.02. The previous ranges were $215 million to $239 million and $(0.09) to $(0.03), respectively.
For fiscal 2008, the Company increased its sales guidance to a range of $1,105 million to $1,151 million and earnings per share to a range of $(0.04) to $0.09. The previous ranges were $1,085 million to $1,150 million and $(0.13) to $0.04, respectively.
"We are very pleased with the results of the entire organization's intense focus on executing our strategic initiatives, particularly in light of the continued challenging retail environment," said Daniel Griesemer, president and chief executive officer of Coldwater Creek.
"We continue to focus on the aspects of the business within our control and remain committed to returning the company to sustainable and profitable growth and ensuring that our product and experience exceeds the Coldwater Creek customer's expectations."
Coldwater Creek Inc
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