Charming Shoppes Misses Where It Counts
Charming Shoppes (NAS: CHRS) reported earnings March 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 28 (Q4), Charming Shoppes beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP loss per share shrank.
Gross margins dropped, operating margins grew, net margins expanded.
Charming Shoppes notched revenue of $559.1 million. The four analysts polled by S&P Capital IQ expected to see a top line of $544.1 million on the same basis. GAAP reported sales were 2.9% lower than the prior-year quarter's $575.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.06. The four earnings estimates compiled by S&P Capital IQ forecast -$0.02 per share on the same basis. GAAP EPS were -$0.24 for Q4 compared to -$0.27 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.0%, 100 basis points worse than the prior-year quarter. Operating margin was -0.3%, 100 basis points better than the prior-year quarter. Net margin was -2.4%, 290 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $489.1 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $1.93 billion. The average EPS estimate is $0.22.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 138 members out of 175 rating the stock outperform, and 37 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Charming Shoppes a green thumbs-up, and seven 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 $7.33.
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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. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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