Charlotte Russe Profit May Have Doubled
- Share via
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.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
