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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Christopher & Banks Quarterly Loss Narrows 0 comments
    Sep 10, 2013 9:47 AM | about stocks: CBK

    Originally published at

    Christopher & Banks Corporation (NYSE:CBK) announced its financial results for the second quarter of fiscal year 2014, reporting a quarterly loss of $265K, or $0.01 per share. This quarter last year the company posted a loss of $2.2M, or $0.06 per share, and has been making strides to return to being profitable. Overall the company's performance is continuing to improve, with gross margin increasing from 27.7% to 33.5% while its overall expenses and costs fell 1.3%. Same-store sales increased 7.7% but fell short of the 8% to 10% expectation for the quarter while revenue edged upward 0.8% to $104.2M. CEO LuAnn Via commented that Christopher & Banks has developed a plan to increase same-store sales growth while also making improvements to its profit margin.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CBK
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