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Christopher & Banks CEO pleased with Q3 performance

06 Dec '07

2 min read

Christopher & Banks Corporation reported November and fiscal third quarter sales results for the period ended December 1, 2007.

For the four-week period ended December 1, 2007 total sales were $48.1 million compared to $44.3 million for the four-week period ended November 25, 2006. November same-store sales for the four weeks ended December 1, 2007 are compared to the four-week period ended December 2, 2006. On this basis, same-store sales for the four-week period ended December 1, 2007 increased 1%.

Total sales for the third fiscal quarter ended December 1, 2007 were $160.0 million compared to $139.3 million for the fiscal quarter ended November 25, 2006. Same-store sales for the thirteen-week period ended December 1, 2007 increased 9% compared to the thirteen-week period ended December 2, 2006.

Total sales for the nine fiscal months ended December 1, 2007 were $450.5 million compared to $413.3 million for the nine fiscal months ended November 25, 2006. Same-store sales for the thirty-nine weeks ended December 1, 2007 increased 3% compared to the corresponding thirty-nine week period ended December 2, 2006. As of December 1, 2007, the Company operated 841 stores compared to 778 stores as of November 25, 2006.

Lorna Nagler, President & Chief Executive Officer, commented “Overall, we are pleased with our performance for the third quarter. We are encouraged that November merchandise margins showed strong improvement over last year's levels.

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