Charming Shoppes reduces guidance for Q2 & fiscal year
09 Aug '07
3 min read
For the second quarter ended August 4, 2007, the Company has revised its projections for diluted earnings per share to a range of $0.12 - $0.13, compared to diluted earnings per share of $0.24 for the corresponding period ended July 29, 2006. Previously, the Company had revised its projections for diluted earnings per share for the second quarter to a range of $0.18 - $0.20.
For the fiscal year ending February 2, 2008, the Company has revised its projections for diluted earnings per share to a range of $0.65 - $0.68, compared to diluted earnings per share of $0.81 for the corresponding period ended February 3, 2007. Previously, the Company had revised projections for diluted earnings per share for the fiscal year ending February 2, 2008 to a range of $0.80 - $0.82.
The Company's Fiscal Year 2008 projection includes an initial investment of approximately $10 million pretax ($6.4 million after tax, or $0.05 per diluted share) related to the launch of the Lane Bryant catalog during the fourth quarter of Fiscal Year 2008. The Company's revised projection also includes net sales in a range of $3.10 to $3.15 billion, compared to net sales of $3.07 billion for the 53-week period ended February 3, 2007.
marketing@alchempro.com
