Christopher & Banks Q1 Profit Rises - Quick Facts

(RTTNews) - Christopher & Banks Corp. (CBK), a specialty women's apparel retailer, reported that its first-quarter net income increased to $2.62 million or $0.07 per share, from $0.6 million or $0.02 per share, last year.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.02 for the quarter. Analysts' estimates typically exclude special items.

Net sales decreased to $103.37 million from $108.52 million, last year. Analysts expected revenue of $103.23 million for the quarter. Same-store sales decreased 0.2% in the thirteen weeks ended May 3, 2014.

Gross margin was 36.7%, as compared to 34.2% in last year's first quarter.

For the second quarter, the company expects same-store sales to increase in the low to mid-single digit range.