Christopher & Banks CEO pleased with Q3 performance
06 Dec '07
2 min read
The Company continued its focus on maintaining lean inventory levels. We ended the quarter with in-store inventories on a per store basis approximately 15% lower than in-store inventories on a per store basis as of the end of last year's third quarter.
We have a strong product offering in place heading into December, although, we recognize that the retail environment remains very challenging and we will manage our business accordingly.”
Financial Outlook: The Company expects earnings for the third fiscal quarter to be at the high end of its previously provided guidance of $0.26 to $0.28 per diluted share. In addition, the Company also announced that it purchased 74,800 shares of its common stock in November.
The company has now purchased 635,900 shares of its common stock at a total cost of approximately $9.1 million under its current $20 million repurchase program.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
