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Christopher & Banks fiscal Q4 loss widens YOY

Christopher & Banks Corp. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to a loss of $3.7 million, compared with a loss of $351,880 in the fourth quarter ended Feb. 1, 2014.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 3.8% from negative 0.3% in the year-earlier period.

Total revenue decreased 6.6% year over year to $98.0 million from $104.9 million, and total operating expenses decreased year over year to $103.9 million from $105.4 million.

Reported net income came to $31.7 million, or 85 cents per share, compared to a loss of $358,960, or a loss of 1 cents per share, in the fourth quarter ended Feb. 1, 2014.

For the year, the company's normalized net income totaled 16 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 30 cents.

EPS rose 5.3% from 15 cents in the prior year.

Normalized net income was $5.9 million, a gain of 7.0% from $5.5 million in the prior year.

Full-year total revenue decreased from the prior-year period to $418.6 million from $435.8 million, and total operating expenses decreased on an annual basis to $409.0 million from $426.7 million.

The company said reported net income rose on an annual basis to $46.8 million, or $1.24 per share, in the full year, from $8.5 million, or 23 cents per share.