News Flash

Christopher & Banks Same-store sales up

28 Sep '07

3 min read

Christopher & Banks Corporation reported results for its second quarter and six months ended September 1, 2007.

Second Quarter Results:
Total sales for the second quarter ended September 1, 2007 were $141.1 million compared to $131.6 million for the quarter ended August 26, 2006. Net income for the second quarter was $3.4 million or $0.09 per diluted share compared to $7.9 million or $0.21 per diluted share for the second quarter last year.

This year's second quarter results include a charge of approximately $0.04 per diluted share related to the Company's Chief Executive Officer transition that occurred in late August of this year. Same-store sales for the thirteen week period ended September 1, 2007 increased 3% compared to the thirteen week period ended September 2, 2006.

For the sixth month period ended September 1, 2007, net sales were $290.5 million compared to $274.1 million for the sixth month period ended August 26, 2006. Net income was $15.1 million or $0.42 per diluted share compared to $22.5 million or $0.60 per diluted share last year.

Same-store sales for the twenty-six week period ended September 1, 2007 declined 1% compared to the twenty-six week period ended September 2, 2006. As of September 1, 2007, the Company operated 807 stores compared to 753 as of August 26, 2006.

Lorna Nagler, President and Chief Executive Officer of Christopher & Banks Corporation, commented, “I am extremely pleased to have joined Christopher & Banks and look forward to working with our entire team to build on the foundation that is in place. Going forward, I believe our Company has tremendous potential to increase productivity through truly understanding, and catering to, our customers' needs.”

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