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CPI Corp. Announces 2009 Third-Quarter Results
ST. LOUIS, Dec. 22 /PRNewswire-FirstCall/ -- CPI Corp. ( CPY) today reported results for the third quarter ended November 14, 2009.
Comparable same-store sales, excluding impacts of revenue deferral adjustments, foreign currency translation, loyalty program revenue deferral and store closures, decreased 7% versus the prior-year third quarter. Third-quarter PictureMe Portrait Studio® brand comparable store sales, as adjusted, increased 5% year-over-year due, in large part, to the successful integration and digital conversion of the acquired studios. Third-quarter Sears Portrait Studio brand comparable store sales, as adjusted, decreased 18% year-over-year. Third-quarter Adjusted EBITDA improved to a loss of ($0.6) million versus a loss of ($4.8) million in the prior-year period. Third-quarter diluted EPS improved to a loss of ($0.97) compared with a loss of ($2.06) a year ago reflecting the impact of cost reductions and productivity improvements implemented throughout the organization. LTM Adjusted EBITDA improved to $50.8 million from $46.7 million as of the end of the last quarterSterling gives back recent gains
Disclaimer: THIS Worldly IS NOT INVESTMENT Inquire into AS DEFINED BY THE Economic SERVICES Authorization
A jinxed stop for Authentic last week, the thumping was sold against the Euro and US dollar. The UK control continues to look shaky against the most important players across the Terra. Last week GBP/EUR traded above 1.13 before finishing the week forthcoming its lows at 1.11. A correspond to move in radiogram where the customer base traded at a lofty of 1.6878 on Monday before being sold back below 1.65
Yesterday in an evaluate with the Dow Jones, Federal Cache Bank of St Louis President James Bullard commented that he would enter to keep the middle bankâs asset purchasing schedule effective for an extended while keeping US interest rates low. This morning the US dollar is under make on the back of the weekend comments. James Bullard will be a voting associate next year. These comments are another clench in the sarcophagus for the US dollars whilst higher rubbery currencies prolong to make it. In annexe, the surging gold evaluate is certainly not a tangibles with for a greenback repossession.
EURO/USD is still trading below the October gamy of1.5063, this is a key smooth out for FX traders uniquely dollar bulls who are looking for this au courant with to prove.
Monday 23 November 2009, 12:15pm
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CPI Corp. Announces 2009 Third-Quarter Results Comparable same-stock sales, excluding impacts of revenue deferral adjustments, foreign currency translation, constancy program revenue deferral and store and more » |
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