Coldwater Creek Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended February 2, 2013. For the quarter, net sales were $220,774,000, loss from operations was $18,362,000, loss before income taxes was $20,605,000 and net loss was $19,998,000 or $0.66 per basic and diluted share against net sales of $224,352,000, loss from operations of $11,016,000, loss before income taxes of $11,771,000 and net loss of $12,829,000 or $0.42 per basic and diluted share for the same period a year ago. Non-GAAP adjusted net loss was $19,805,000 or $0.65 per basic and diluted share against $22,253,000 or $0.73 per basic and diluted share a year ago. For the full year, net sales were $742,472,000, loss from operations was $68,685,000, loss before income taxes was $82,306,000 and net loss was $81,842,000 or $2.69 per basic and diluted share against net sales of $773,021,000, loss from operations of $95,700,000, loss before income taxes of $97,975,000 and net loss of $99,694,000 or $3.98 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $42,144,000 and purchase of property and equipment was $16,496,000 against net cash used in operating activities of $44,224,000 and purchase of property and equipment of $8,895,000 a year ago. Non-GAAP adjusted net loss was $77,216,000 or $2.53 per basic and diluted share against $106,243,000 or $4.24 per basic and diluted share a year ago. For first quarter of 2013, the company expects comparable premium retail store sales to be down in the low single digits, gross margin improvement of 100 to 200 basis points and net loss per share in the range of $0.60 to $0.80, excluding the impact of the change in the fair value of the derivative liability.

Coldwater Creek Inc., Q4 2012 Earnings Call, Mar 13, 2013

Coldwater Creek Inc. revised earnings guidance for the fourth quarter of fiscal 2012. The company announced that it now expects to report comparable premium store sales that are essentially flat to the prior year and a loss per share of $0.70-$0.85 for the fourth quarter of fiscal 2012. This guidance continues to exclude the impact of the change in the fair value of the derivative liability and any costs associated with the CEO transition and compares to its previous guidance of a loss of $0.55-$0.65.