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News Breaks | | | | January 14, 2013 | | 16:20 EDT |  | CWTR | Coldwater Creek lowers Q4 EPS to (85c)-(70c) from (55c)-(65c), consensus (61c)
This guidance continues to exclude the impact of the change in the fair value of the derivative liability and any costs associated with the CEO transition and compares to its previous guidance of (65c)-(55c). Costs associated with the CEO transition, which occurred during the fourth quarter, are expected to be approximately $2.1M, or 7c per share. The company's updated guidance compares to a net loss per share of 42c in 4Q11, which included a 39c benefit related to gift card breakage income and an 8c non-cash impairment charge related to underperforming stores. | |
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