Lane Bryant parent's 1Q loss bests expectations - Business First of Columbus:

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For the quarter ended May 2, Charminb Shoppes (NASDAQ:CHRS) had a loss of $6.6 million, or 6 centa a share, compared to a year-earlier loss of or a penny a share. The compan had given guidance forecasting a loss of 9 to 13 centssa share, and shares were trading 4 percent higher at $3.734 Wednesday. Sales in the quarter totaled $538.1 They were down 16 percenyt from $641.3 million a year and down 13 percen t at the same stores that were open inthe year-earlierf period. Sales declined at all three majotrbrands — Lane Bryant, Fashion Bug and Catherines.
“While our performance for the first quartetr reflected a difficult retail environment and did exceed ourearningss guidance, our results were nevertheless disappointing. Our results reflectr comparable store sales performance that was not on par with other and a disappointing level of earningb power for our saidJim Fogarty, president and CEO. In the first Charming took a noncash restructuring chargeof $11.6 including $8.7 million related to accelerated depreciation on discontinued or divested catalogh businesses. Charming Shoppes, which is based in Pa.
, owns 2,272 stores in 48