- Comparable sales fell 5.8% for Christopher & Banks (CBK) in Q2. Execs pointed to softness in the outlet channel and a calendar shift in a May event for part of the sales shortfall.
- Gross margin as a percentage of sales improved 60 bps to 33.5%.
- Inventory per square foot increased 3.1% to $17.53.
- The company sees Q3 revenue of $102-$106M vs. $108M consensus.
- Previously: Christopher & Banks misses by $0.05, misses on revenue (Aug. 30)
- CBK -2.43% premarket to $2.01.
Sales fall short at Christopher & Banks
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Symbol | Last Price | % Chg |
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