Home / Knowledge / News / Fashion / Charlotte Russe net sales for Q4 improves 30.1%

Charlotte Russe net sales for Q4 improves 30.1%

05
Nov '05
San Diego based growing mall-based fashion retailer Charlotte Russe Holding Inc reported financial results for the fourth quarter of fiscal 2005 ended September 24, 2005.

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 November 4, 2005. Management does not expect to report on its financial performance, or to comment on it to the investment community, until after the financial results for the quarter have been released on or about January 19, 2006.

The company also announced that it has reached an agreement in principle subject to court approval to settle the securities litigation pending against the company and certain of its officers and directors for the sum of $3.9 million, paid mostly by the company's insurance carrier. In the fourth quarter of fiscal 2005, the company incurred a pre-tax charge of approximately $600,000 associated with defense and settlement costs that reduced diluted earnings per share by 2 cents.

Financial Results:
Net sales for the fourth quarter increased 30.1 percent to $179.9 million from $138.3 million for the fourth quarter last year. Comparable store sales increased 12.9 percent during the quarter, compared to a decrease of 2.9 percent for the fourth quarter of fiscal 2004.

Net sales for fiscal 2005 were $603.8 million, an increase of 11.9 percent from $539.4 million for the same period last year. Comparable store sales decreased 0.3 percent during fiscal 2005, compared to a decrease of 0.4 percent that was reported for last year.


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Carolin Russ,

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

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


Advanced Search