Christopher & Banks Corporation (CBK) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Christopher & Banks Corporation (CBK) reported quarterly earnings results on Tuesday, Aug-30-2016. The company reported $-0.11 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $-0.06. The company posted revenue of $89.90 million in the period, compared to analysts expectations of $94.86 million. The company’s revenue was down -4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Christopher & Banks Corporation opened for trading at $2.05 and hit $2.1 on the upside on Monday, eventually ending the session at $2.06, with a gain of 0.49% or 0.01 points. The heightened volatility saw the trading volume jump to 3,89,998 shares. Company has a market cap of $76 M.

In a different news, on Dec 21, 2015, Patricia Stensrud (director) purchased 1,000 shares at $1.27 per share price. According to the SEC, on Dec 18, 2015, Luke Komarek (SVP, General Counsel) purchased 4,500 shares at $1.14 per share price. On Dec 18, 2015, William F. Iii Sharpe (director) purchased 5,000 shares at $1.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Christopher & Banks Corporation is a retailer of women’s apparel and accessories. The Company operates retail stores through its wholly owned subsidiaries Christopher & Banks Inc. and Christopher & Banks Company (collectively referred to as Christopher & Banks). It operates approximately 518 stores in 43 states including 173 Christopher & Banks stores 85 C.J. Banks stores 216 Missy Petite Women (MPW) stores and 44 outlet stores. It also operates an e-Commerce Website for its brands at which in addition to offering the apparel and accessories found in its stores also offers sizes and styles available online. Its merchandise assortments include women’s apparel consisting of knit tops woven tops jackets sweaters skirts denim bottoms bottoms made of other fabrics leisure wear and dresses in missy petite and women sizes. It also offers a range of jewelry and accessories in all stores and on its Website.

Christopher & Banks Corporation

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