Printer Friendly

CHARMING SHOPPES REPORTS FIRST QUARTER RESULTS

 CHARMING SHOPPES REPORTS FIRST QUARTER RESULTS
 BENSALEM, Pa., May 21 /PRNewswire/ -- David Wachs, chairman and


chief executive officer of Charming Shoppes, Inc. (NASDAQ: CHRS), the retail women's apparel chain, today reported its earnings and sales for the first quarter ended May 2, 1992.
 For the three months ended May 2, 1992, earnings increased 56 percent to $16,125,000 or $.30 per share, vs. earnings of $10,335,000 or $.20 per share for the corresponding period in 1991. First quarter sales were $262,462,000 in 1992 as against sales of $222,870,000 in 1991, an 18 percent increase.
 During the period February through April, the company opened 20 new stores, bringing the total number of operating stores to 1,150 at the end of the first quarter. In total, the company said it expects to open 130 stores this year, bringing the projected number of units operating at year end to 1,227, an 8 percent increase. The company said it expects an increase of approximately 13 percent in the square feet of leased space this year, which will bring the total to approximately 9.8 million square feet at year end.
 CHARMING SHOPPES, INC.
 (In thousands, except shares and per-share amounts)
 First quarter First quarter
 Fiscal 1993 Fiscal 1992
 Pct. 13 weeks Pct. 13 weeks Pct.
 Increase of Sales of Sales
 Earnings per share --- $.30 --- $.20 ---
 Sales 17.8 $262,462 100.0 $222,870 100.0
 Other income 47.8 2,099 .8 1,420 .6
 Total 18.0 264,561 100.8 224,290 100.6
 C/G/S, buying &
 occupancy 15.4 178,543 68.0 154,700 69.4
 Selling and
 administrative 14.5 61,593 23.5 53,784 24.1
 Interest expense (5.6) 782 .3 828 .4
 Expenses 15.1 240,918 91.8 209,312 93.9
 Pretax profit 57.9 23,643 9.0 14,978 6.7
 Less income taxes 61.9 7,518 2.9 4,643 2.1
 Net income 56.0 $16,125 6.1 $10,335 4.6
 Average shares --- 54,229,573 --- 52,438,243 ---
 /delval/
 -0- 5/21/92
 /CONTACT: Bernard Brodsky, vp and treasurer of Charming Shoppes, 215-638-6719/
 (CHRS) CO: Charming Shoppes, Inc. ST: Pennsylvania IN: REA SU: ERN


CC-MK -- PH003 -- 2629 05/21/92 08:29 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 21, 1992
Words:389
Previous Article:ENVIRONMENTAL ELEMENTS ANNOUNCES FISCAL 1992 EARNINGS
Next Article:D. JOHN YOUNGMAN NAMED MANAGING DIRECTOR OF BALDWIN EUROPE CONSOLIDATED B.V.
Topics:


Related Articles
CHARMING SHOPPES REPORTS FIRST QUARTER RESULTS
CHARMING SHOPPES REPORTS THIRD QUARTER RESULTS
CHARMING SHOPPES REPORTS 1ST QUARTER
CHARMING SHOPPES REPORTS FIRST QUARTER EARNINGS
Charming Shoppes Reports First Quarter
Charming Shoppes, Inc. Reports Fourth Quarter Earnings and Elimination of Men's Merchandise from its Fashion Bug Stores and Resulting Store...
Charming Shoppes Reports Second Quarter Earnings
Charming Shoppes, Inc. to Release First Quarter Fiscal 2006 Earnings Results After Market Close on May 19, 2005; Schedules Conference Call and...
Charming Shoppes, Inc. to Release First Quarter Fiscal 2006 Earnings Results After Market Close on May 19, 2005; Schedules Conference Call and...
Charming Shoppes Reports December Sales.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters