Earnings: Coldwater Creek
Sandpoint women’s apparel retailer
| Stock symbol: CWTR |
| Reporting period: 1Q |
| Earnings:
Loss of $19.4 million (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. |