Originally published at www.seclive.com
Christopher & Banks Corporation (NYSE:CBK) announced its financial results for the first quarter of fiscal year 2015, reporting a rise in quarterly earnings. The women's apparel retailer saw a dip in net sales from $108.5M to $103.4M, beating analyst expectations of $103.2M. Same-store sales fell 0.2% while gross margin improved from 34.2% to 36.7%. Earnings jumped from the year-ago $629K and $0.02 per share to $2.62M and $0.07 per share. President and CEO LuAnn Via commented that the company made headway on its strategic objectives, and that while comparable-store sales were below expectations, performance particularly improved as the company left behind a severe winter.
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