Charming Shoppes Misses on Both Revenue and Earnings
Charming Shoppes (NAS: CHRS) reported earnings on June 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 28 (Q1), Charming Shoppes missed estimates on revenues and earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped significantly.
Gross margins dropped, operating margins improved, and net margins contracted.
Charming Shoppes tallied revenue of $481.3 million. The two analysts polled by S&P Capital IQ foresaw sales of $493.9 million on the same basis. GAAP reported sales were 4.6% lower than the prior-year quarter's $504.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.16. The three earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. GAAP EPS of $0.15 for Q1 were 32% lower than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.4%, 220 basis points worse than the prior-year quarter. Operating margin was 5.9%, 70 basis points better than the prior-year quarter. Net margin was 3.7%, 150 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $488.2 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $1.97 billion. The average EPS estimate is $0.27.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 137 members out of 177 rating the stock outperform, and 40 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Charming Shoppes a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Charming Shoppes is outperform, with an average price target of $7.78.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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