(Corrects to say analysts were looking at flat earnings in
2010, not a loss of 27 cents. Also corrects to say Q4 loss of
10 cents is comparable to est loss of 9 cents)
* Q4 loss $0.10 vs est loss $0.09
* Q4 sales $318.4 mln vs est $312.0 mln
* Sees FY10 $0.08 to $0.12 vs est of breakeven
March 3 Women's apparel retailer Coldwater
Creek Inc CWTR.O posted a smaller quarterly loss that still
missed estimates, but said it expects to improve merchandise
margins this year, as the company looks to revamp its offerings
and adjust price points.
The Sandpoint, Idaho-based company has lagged behind rivals
Chico's FAS Inc (CHS.N) and Anntaylor Stores Corp ANN.N in
the fight against falling sales and weak consumer spending, but
forecast full year earnings above estimates.
Coldwater has been trying to turn around its business that
has been hurt not only by lower consumer spending, but also
lacklustre fashions, and has been trying to lure customers with
For the fourth quarter, the company, which caters to mature
women, posted a loss of $10 million, or 11 cents a share,
compared with a loss of $18.6 million, or 20 cents a share,
Excluding certain non cash charges, the company posted a
loss of 10 cents a share, while analysts were looking at a loss
of 9 cents a share, according to Thomsom Reuters I/B/E/S.
Revenue came in at $318.4 million, a rise of 12 percent.
Shares of the company closed at $5.41 Wednesday on Nasdaq.
(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by
Ratul Ray Chaudhuri)