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Stock Market & Financial Investment News

News Breaks
March 13, 2014
13:40 EDTCBK, CWTR, CACH, CHSChristopher & Banks surges after losses less steep than expected
Shares of women's clothing retailer Christopher & Banks (CBK) are rising after the company's fourth quarter loss narrowed compared to the same period of last year and was not as steep as projected by analysts. WHAT'S NEW: Christopher & Banks reported fourth quarter losses per share of 1c, which was better than analysts' consensus expectation for a loss of 3c per share. The company reported fourth quarter revenue of $104.9M, which was lower than the consensus forecast of $106.15M. Fourth quarter same-store sales decreased 1.4% from last year. The retailer said it sees first quarter same-store sales to be relatively flat compared to the same quarter of last year. WHAT'S NOTABLE: During its fourth quarter earnings conference call, Christopher & Banks said that temporary store closings and challenging traffic trends caused by the multiple snowstorms and arctic temperatures resulted in comps coming in slightly below its expectations. Still, the company said it continued to build business momentum and ultimately met its financial goals for the fourth quarter. As the company heads into spring, it feels it is in a better inventory position than it was at this time last year. The company sees inventory levels remaining higher than the prior year, at a level similar to the increase at the end of FY13. Christopher & Bank added that it is well positioned to continue its growth trajectory and meet its three-year growth objectives. PRICE ACTION: During afternoon trading, Christopher & Banks rose about 10% to $6.80. However, the stock is down about 20% year-to-date. OTHERS TO WATCH: Competitors to Christopher & Banks include Coldwater Creek (CWTR), Cache (CACH) and Chico's FAS (CHS).
News For CBK;CWTR;CACH;CHS From The Last 14 Days
Check below for free stories on CBK;CWTR;CACH;CHS the last two weeks.
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August 29, 2014
05:53 EDTCHSStocks with implied volatility movement; CHS GPRO
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August 28, 2014
11:45 EDTCHSChico's FAS management to meet with FBR Capital
Meeting to be held in New York on September 3 hosted by FBR Capital.
August 27, 2014
09:22 EDTCHSOn The Fly: Pre-market Movers
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07:35 EDTCHSChico's FAS reports Q2 inventories per selling square foot up 2.5%
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07:32 EDTCHSChico's FAS reports Q2 EPS 20c, consensus 26c
Reports Q2 revenue $671.1M, consensus $678.57M. Reports Q2 comparable sales growth of 0.3%.
August 26, 2014
15:50 EDTCHSChico's FAS (CHS) September 16 straddle priced for 9.2% move into Q2
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15:43 EDTCHSChico's FAS September volatility elevated into Q2 and outlook
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15:36 EDTCHSNotable companies reporting before tomorrow's open
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August 22, 2014
13:12 EDTCACHAnn Inc. slides after Q2 SSS decline
Shares of women's specialty retailer Ann Inc. (ANN) are sliding after the company said that it experienced softer traffic levels along with sales and margin pressure in the second half of the second quarter. WHAT'S NEW: Ann's Q2 earnings per share was 70c, which is a bit higher than analysts' consensus of 68c. The company's Q2 revenue was $648.7M, which nearly matched analysts' consensus of $648.09M. The clothing retailer cited softer traffic levels and a highly promotional environment pressured sales and margin as the reason for its loss during the second half of the quarter. In addition, LOFT experienced continued softness in basic knit tops, which represented a significant component of its summer assortment. Q2 same-store-sales were down 2.3%. Ann sees Q3 revenue to be $670M, which is a bit lower than analysts' consensus of $673.31M and sees Q3 comparable sales to be flat to slightly negative. The company expects it FY14 revenue to be $2.56B, which matches analysts' $2.56B consensus and anticipates flat comparable sales in FY14. WHAT'S NOTABLE: During the company's conference call, Ann said that Q3 inventories are "conservatively positioned" as it enters the fall season. Ann said that despite the "challenging" retail environment, the retailer noted that it is focused on optimizing full-price sell-through to drive positive comp and increase productivity. Overall, the company believes that it is better positioned to optimize brand growth. PRICE ACTION: During afternoon trading, shares of Ann Inc. fell $1.19, or 3.07%, to $37.62. OTHERS TO WATCH: Ascena Retail (ASNA) is up fractionally, Cache (CACH) is down 1.52%, and New York & Company (NWY) is up 1.84%.
07:29 EDTCHSChico's FAS September volatility elevated into Q2 and outlook
Chico's FAS September call option implied volatility of is at 38, October is at 34, January is at 29; compared to its 26-week average of 33 according to Track Data. Active put volume suggesting large near term price movement into the expected release of Q2 results before the open on August 27.

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