- Coldwater Creek (CWTR) looks set for a rough session, falling 17.88% premarket on the heels of a Q2 miss.
- Premium retail comps growth was -7.3% for the period and consolidated net sales (premium retail and direct) fell 8.5% Y/Y.
- "Sales were lower than planned in the second quarter, largely due to a deceleration in traffic during the month of July," CEO Jill Dean says, adding that the company's "return to more consistent comparable store sales has been slower than expected."
- Q3 outlook: Comps "down high-single digits," gross margin "flat to slightly down," net loss of $0.55-0.75/share against consensus of -$0.37. (PR)
Coldwater Creek plunges on weak comps, guidance
Sep 11 2013, 09:08 ET