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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 Earnings Rise 0 comments
    Jun 11, 2014 11:10 AM | about stocks: CBK

    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.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CBK
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