Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Christopher & Banks down 6.3% post Q3 results

Published 12/04/2018, 07:31 AM
© Reuters.  Christopher & Banks down 6.3% post Q3 results
  • Christopher & Banks (NYSE:CBK) reports comparable sales decreased 7.5% in Q3.
  • E-commerce sales increased 10.7%.
  • Gross margin rate squeezed 400 bps to 29.8%, due to lower merchandise margins on spring/summer merchandise, deleverage of fixed costs and higher fulfillment costs as a result of the sales mix shift to the eCommerce channel.
  • SG&A expense rate +110 bps to 33.4%.
  • Merchandise Inventories down 7.1% to $47.78M.
  • Store count -12 Y/Y to 461.
  • FY2019 Guidance: Net sales: +2% to +3%; Gross margin rate: +300 bps to +350 bps; SG&A expense rate: -150 bps to -200 bps.
  • CBK -6.25% premarket.
  • Previously: Christopher & Banks misses on revenue (Dec. 4)
  • Now read: Christopher & Banks: So You Want To Be A Value Investor?


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.