June 6, 2013 in Business

Earnings: Coldwater Creek

Sandpoint women’s apparel retailer
 
Stock symbol: CWTR
Reporting period:1Q
Earnings:

Loss of $19.4million

(63 cents per share)

Versus 2012 1Q:

Loss of $23.8 million

(78 cents per share)

Revenue:$155.7 million

Compared with $169.9 million 2012 1Q

Analysis: Results were affected by unseasonable weather, said CEO Jill Dean. “We were able to more than offset softer-than-expected sales through gross margin rate expansion and disciplined expense management, delivering results consistent with the higher end of our expectations,” she said in a release.

The company also continued to close some retail stores, part of long-term strategy.


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