Charlotte Russe Profit May Have Doubled

Charlotte Russe Holding Inc. said fiscal fourth-quarter net income may have doubled after back-to-school sales of its clothing for teenage girls climbed more than expected.

In preliminary results, San Diego-based Charlotte Russe said net income for the period ended Sept. 24 climbed to 25 cents to 27 cents a share, topping company forecasts for 16 cents to 20 cents. Charlotte Russe earned 13 cents a year earlier.

The company said same-store sales increased a more-than-anticipated 13%, and total revenue for the period climbed 30%.

Shares of Charlotte Russe climbed $2.67 to $17.26.