Christopher & Banks Corporation Presents at 5th Annual TAG Spring Consumer Conference, Apr-10-2013 . Venue: The InterContinental Hotel New York Times Square, 300 West 44th Street at Eighth Avenue, New York, New York, United States. Speakers: LuAnn Via, Chief Executive Officer, Peter G. Michielutti, Chief Financial Officer and Senior Vice President.

Christopher & Banks Corporation reported unaudited earnings results for the fourth quarter and full year ended February 2, 2013. For the quarter, the company reported net sales of $115,981,000 against $105,647,000 for the same period last year. Operating loss was $4,016,000 against $53,561,000 for the same period last year. Loss before income taxes was $4,126,000 against $53,475,000 for the same period last year. Net loss was $4,050,000 or $0.11 per basic and diluted share against $53,224,000 or $1.50 per basic and diluted share for the same period last year. Capital expenditure was $500,000 For the year, the company reported net sales of $430,302,000 against $436,182,000 for the same period last year. Operating loss was $15,965,000 against $82,105,000 for the same period last year. Loss before income taxes was $15,979,000 against $81,745,000 for the same period last year. Net loss was $16,076,000 or $0.45 per basic and diluted share against $81,335,000 or $2.29 per basic and diluted share for the same period last year. Net cash used in operating activities was $17,441,000 against $25,880,000 for the same period last year. Purchases of property, equipment and improvements were $3,623,000 against $11,742,000 for the same period last year. The company provided earnings guidance for the first quarter of fiscal 2013, the company expects same-store sales to increase in the low 20% range. The company anticipated net sales growth and inventory levels to be in-line with the company's anticipated increase in same-store sales. For the 2013 fiscal year, the company expects capital expenditures to be approximately $9 million. Average store count to be down 11% for the first quarter and 8% for the fiscal year, as compared to the comparable prior year period. The company expects approximately 800 to 900 basis points of gross margin improvement in the first quarter as compared to the comparable prior year period.

Christopher & Banks Corporation, Q4 2012 Earnings Call, Mar 13, 2013