Attached files
| file | filename |
|---|---|
| 8-K/A - 8-K/A - CHRISTOPHER & BANKS CORP | form8-ka32513.htm |
| EX-99.2 - EXHIBIT - CHRISTOPHER & BANKS CORP | ex9928-ka32513.htm |
EXHIBIT 99.1
CHRISTOPHER & BANKS CORPORATION
UNAUDITED COMPARATIVE STATEMENTS OF OPERATIONS(1)
(in thousands, except per share data)
Fourteen | Thirteen | Nine | Fifty-Three | Fifty-Two | Forty-Eight | ||||||||||||||||||||
Weeks Ended | Weeks Ended | Weeks Ended | Weeks Ended | Weeks Ended | Weeks Ended | ||||||||||||||||||||
February 2, | January 28, | January 28, | February 2, | January 28, | January 28, | ||||||||||||||||||||
2013 | 2012 | 2012 | 2013 | 2012 | 2012 | ||||||||||||||||||||
Net sales | $ | 115,981 | $ | 105,647 | $ | 68,838 | $ | 430,302 | $ | 436,182 | $ | 412,796 | |||||||||||||
Costs and expenses: | |||||||||||||||||||||||||
Merchandise, buying and occupancy | 81,009 | 98,169 | 65,640 | 303,680 | 333,288 | 311,925 | |||||||||||||||||||
Selling, general and administrative | 34,777 | 35,335 | 23,772 | 129,153 | 141,825 | 131,259 | |||||||||||||||||||
Depreciation and amortization | 4,211 | 4,521 | 3,043 | 18,595 | 21,991 | 20,202 | |||||||||||||||||||
Impairment and restructuring | — | 21,183 | 8,978 | (5,161 | ) | 21,183 | 21,183 | ||||||||||||||||||
Total costs and expenses | 119,997 | 159,208 | 101,433 | 446,267 | 518,287 | 484,569 | |||||||||||||||||||
Operating loss | (4,016 | ) | (53,561 | ) | (32,595 | ) | (15,965 | ) | (82,105 | ) | (71,773 | ) | |||||||||||||
Other expense (income) | 110 | (86 | ) | (66 | ) | 14 | (360 | ) | (324 | ) | |||||||||||||||
Loss before income taxes | (4,126 | ) | (53,475 | ) | (32,529 | ) | (15,979 | ) | (81,745 | ) | (71,449 | ) | |||||||||||||
Income tax (benefit) provision | (76 | ) | (251 | ) | (798 | ) | 97 | (390 | ) | (387 | ) | ||||||||||||||
Net loss | $ | (4,050 | ) | $ | (53,224 | ) | $ | (31,731 | ) | $ | (16,076 | ) | $ | (81,355 | ) | $ | (71,062 | ) | |||||||
Basic loss per share: | |||||||||||||||||||||||||
Net loss | $ | (0.11 | ) | $ | (1.50 | ) | $ | (0.89 | ) | $ | (0.45 | ) | $ | (2.29 | ) | $ | (2.00 | ) | |||||||
Basic shares outstanding | 35,883 | 35,581 | 35,582 | 35,694 | 35,547 | 35,554 | |||||||||||||||||||
Diluted loss per share: | |||||||||||||||||||||||||
Net income loss | $ | (0.11 | ) | $ | (1.50 | ) | $ | (0.89 | ) | $ | (0.45 | ) | $ | (2.29 | ) | $ | (2.00 | ) | |||||||
Diluted shares outstanding | 35,883 | 35,581 | 35,582 | 35,694 | 35,547 | 35,554 | |||||||||||||||||||
Dividends per share | $ | — | $ | — | $ | — | $ | — | $ | 0.18 | $ | 0.18 | |||||||||||||
(1) | In January 2012, the Company changed its fiscal year end to the Saturday closest to the end of January from the Saturday closest to the end of February. The Company has provided financial results for the thirteen and fifty-two weeks ended January 28, 2012 on a comparable basis to the fourteen and fifty-three weeks ended February 2, 2013. The Company's prior year fourth quarter and full fiscal year included the nine and forty-eight weeks ended January 28, 2012. | ||||||||||||||||||||||||