Christopher & Banks CorporationNYSE
Thu, Dec. 1, 12:47 PM
Thu, Dec. 1, 7:00 AM
- Christopher & Banks (NYSE:CBK) reports comparable sales rose 4.5% in Q3.
- Gross margin rate expanded 95 bps to 36.8%.
- SG&A expense rate improved 190 bps to 30.5%.
- Adjusted EBITDA +75.7% to $6.74M.
- Q4 Guidance: Net sales: $93M to $97M; Comparable sales: +1% to +5%; Adjusted EBITDA: -$0.6M to -$2.4M; D&A: ~$3.4M; Net loss: $4.1M to $5.9M; Diluted EPS: -$0.11 to -$0.16; Average square footage: -5% Y/Y.
- FY2016 Guidance: Capex: ~$12.5M to $12.5M; Average square footage: ~-1.6% Y/Y.
Thu, Dec. 1, 6:31 AM
Wed, Nov. 30, 5:30 PM
Fri, Nov. 4, 12:58 PM
Fri, Nov. 4, 9:14 AM
Fri, Nov. 4, 8:16 AM| Fri, Nov. 4, 8:16 AM
Fri, Sep. 9, 9:27 AM
- A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
- In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
- Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
- "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
- Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
Tue, Aug. 30, 12:53 PM
- A warning from Abercrombie & Fitch (ANF -20.6%) on second-half comparable sales is resonating across the jittery apparel store sector, along with weak reports from DSW (DSW -10.3%) and Christopher & Banks (CBK -19.7%).
- Ascena Retail Group (ASNA -6.6%), Stage Stores (SSI -5.1%), Guess (GES -3.8%), Chico's FAS (CHS -3%), and Francesca's (FRAN -2.8%) are all notably lower after the gloomy sector updates.
- Previously: Abercrombie & Fitch falls hard after weak outlook (Aug. 30)
- Previously: Sales fall short at Christopher & Banks (Aug. 30)
- Previously: DSW sets in-line profit guidance (Aug. 30)
Tue, Aug. 30, 12:47 PM
Tue, Aug. 30, 8:55 AM
- Comparable sales fell 5.8% for Christopher & Banks (NYSE: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.
Tue, Aug. 30, 6:32 AM
Mon, Aug. 29, 5:30 PM
Fri, Aug. 19, 1:16 PM
- Christopher & Banks (NYSE:CBK) is up 10% after New York & Company posts Q2 results higher than expectations.
- The retailer has landed on a few bankruptcy watch lists which has added to trading volatility.
- C&B is due to report earnings on its own on August 30.
- Previously: Relief rally for New York & Company (Aug. 19)
Tue, Aug. 9, 1:36 PM
- There's a dark mood in the apparel store sector after Gap (GPS -6.4%) spilled its July sales numbers.
- The retailer's 4% drop in comparable store sales for the month missed the -1% mark expected by analysts by a wide margin. Gap had raised hopes for a retail sector comeback with a return to a positive comp in June before the July disappointment.
- On a prerecorded sales call (855-500-0477 participant code 7405599), Gap management dropped a discouraging nugget: "We’re maintaining a cautious view of the retail environment in the second half."
- As a bit of a bellwether, the outlook from Gap is resonating across the retail sector. There's also a cut on same-store estimates for Target from Cleveland Research which could be drawing some attention.
- Retail decliners: Tailored Brands (TLRD -5.5%), Ascena Retail Group (ASNA -4.7%), Express (EXPR -4.4%), Citi Trends (CTRN -3.3%), Buckle (BKE -3.4%), Cato (CATO -3.3%), American Eagles Outfitters AEO, Abercrombie & Fitch ANF, Chico's FAS (CHS -2.6%), Kohl's (KSS -3.7%), Dillard's (DDS -2.9%), Macy's (M -2.4%), Fred's (FRED -3.3%), Target (TGT -3.1%), Tuesday Morning (TUES -1.5%), L Brands (LB -1.9%), Christopher & Banks (CBK -2.6%).
Tue, Jul. 12, 5:36 PM