Last C$1.32 CAD
Change Today +0.10 / 8.20%
Volume 16.0K
CTU/A On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 12:34 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

le chateau inc-a (CTU/A) Snapshot

Open
C$1.24
Previous Close
C$1.22
Day High
C$1.32
Day Low
C$1.24
52 Week High
10/22/13 - C$4.51
52 Week Low
08/28/14 - C$0.97
Market Cap
44.3M
Average Volume 10 Days
16.6K
EPS TTM
C$-0.79
Shares Outstanding
25.4M
EX-Date
01/26/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LE CHATEAU INC-A (CTU/A)

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le chateau inc-a (CTU/A) Details

Le Château Inc. operates as a specialty retailer in Canada and the United States. The company designs, develops, manufactures, and sells fashion apparel, accessories, and footwear for women and men. As of April 11, 2014, it operated 228 retail locations under the Le Château brand, of which 227 were located in Canada, as well as 6 stores under license in the Middle East and Asia. Le Château Inc. operates its retail locations primarily in urban shopping malls and street-front locations. The company was formerly known as Chateau Stores of Canada Ltd. and changed its name to Le Château Inc. in July 2000. Le Château Inc. was founded in 1959 and is headquartered in Montreal, Canada.

Founded in 1959

le chateau inc-a (CTU/A) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: C$1.0M
President, Secretary, Director and Member of ...
Total Annual Compensation: C$600.0K
Vice President of Finance
Total Annual Compensation: C$250.0K
Senior Vice President of Sales & Operations
Total Annual Compensation: C$350.0K
Vice-President of Design & Merchandising, Lad...
Total Annual Compensation: C$225.0K
Compensation as of Fiscal Year 2014.

le chateau inc-a (CTU/A) Key Developments

Le Chateau Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 26, 2014; Reports Sales Results for the Third Quarter Ended August 30, 2014

Le Chateau Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 26, 2014. For the quarter, the company's sales were CAD 68,304,000 compared with CAD 75,680,000 a year ago. Loss from operating activities was CAD 2,252,000 compared with results from operating activities was CAD 2,372,000 a year ago. Loss before income tax was CAD 2,970,000 compared with profit before income tax of CAD 1,707,000 a year ago. Net loss was CAD 2,970,000 or CAD 0.10 per basic and diluted share compared with net income of CAD 1,077,000 or CAD 0.04 per basic and diluted share a year ago. Cash flows used in operating activities was CAD 11,373,000 compared with CAD 7,281,000 a year ago. Additions to property and equipment and intangible assets were CAD 1,515,000 compared with CAD 1,097,000 a year ago. Sales were negatively impacted in the second quarter of 2014 by reduced store traffic and increased promotional activity throughout the quarter. Comparable store sales decreased 8.6% for the second quarter versus the same period a year ago. Earnings before interest, income taxes, depreciation, amortization, write-off and/or impairment of property and equipment and intangible assets for the second quarter amounted to CAD 2,900,000, compared to CAD 7,900,000 last year. The decrease of CAD 5,000,000 in adjusted EBITDA for the second quarter was primarily attributable to the decrease of CAD 6,800,000 in gross margin dollars, offset by a decrease in selling, general and administrative expenses of CAD 1.8 million. For the six months, the company's sales were CAD 121,609,000 compared with CAD 132,562,000 a year ago. Loss from operating activities was CAD 16,329,000 compared with CAD 8,058,000 a year ago. Loss before income tax was CAD 17,731,000 compared with CAD 9,410,000 a year ago. Net loss was CAD 16,015,000 or CAD 0.57 per basic and diluted share compared with CAD 7,110,000 or CAD 0.26 per basic and diluted share a year ago. Cash outflows related to operating activities was CAD 5,174,000 compared with CAD 8,371,000 a year ago. Additions to property and equipment and intangible assets were CAD 6,636,000 compared with CAD 4,345,000 a year ago. Loss before interest, income taxes, depreciation, amortization, write-off and/or impairment of property and equipment and intangible assets for the six months ended July 26, 2014 amounted to CAD 6,400,000, compared to earnings before interest, income taxes, depreciation, amortization, write-off and/or impairment of property and equipment and intangible assets of CAD 3,000,000 last year. The decrease of CAD 9,500,000 in adjusted EBITDA for the first six months was primarily attributable to a decline of CAD 11,600,000 in gross margin dollars, offset by a decrease in selling, general and administrative expenses of CAD 2,100,000. For the third quarter ended August 30, 2014, total retail sales decreased 10.7% and comparable store sales decreased 9.4% compared to the same period last year.

Le Chateau Inc. Announces Executive Changes

Le Chateau Inc. reported that Mr. Andrew M. Cohen has resigned from the Board of Directors to devote more time to his professional practice. Mr. Cohen served as an independent director of Le Chateau since December 2012. Mr. Michael Pesner will now act as Chair of the Corporate Governance Committee.

Le Chateau Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended April 26, 2014; Announces Sales Results for the First Five Weeks Ended May 31, 2014

Le Chateau Inc. announced unaudited consolidated earnings results for the first quarter ended April 26, 2014. For the quarter, the company's sales were CAD 53.3 million compared with CAD 56.9 million a year ago. Sales were negatively impacted in the first quarter of 2014 by reduced store traffic due to unfavorable weather conditions and by increased promotional activity throughout the quarter. Loss from operating activities was CAD 14.1 million compared with CAD 10.4 million a year ago. Loss before income tax recovery was CAD 14.8 million compared with CAD 11.1 million a year ago. Net loss was CAD 13.0 million or CAD 0.48 per basic and diluted share compared with CAD 8.2 million or CAD 0.30 per basic and diluted share a year ago. This was mainly as a result of the decrease in the gross margin. Cash flows related to operating activities was CAD 16.5 million compared with CAD 15.7 million a year ago. Additions to property and equipment and intangible assets were CAD 5.1 million compared with CAD 3.2 million a year ago. Loss before interest, income taxes, depreciation, amortization, write-off and/or impairment of property and equipment and intangible assets (Adjusted EBITDA) for the quarter amounted to CAD 9.3 million, compared to CAD 4.8 million last year. The decrease of CAD 4.5 million in adjusted EBITDA for the quarter was primarily attributable to the decrease of CAD 4.9 million in gross margin dollars. For the first five weeks ended May 31, 2014, the company's total retail sales decreased 8.3% and comparable store sales decreased 7.2% compared to the same period last year.

 

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