Christopher & Banks Corporation announced unaudited consolidated earnings results for the second quarter and six months ended August 4, 2018. For the quarter, the company announced net sales of $87,418,000 compared to $86,618,000 for the same period a year ago. Operating loss was $7,321,000 compared to $7,811,000 for the same period a year ago. Loss before income taxes was $7,363,000 compared to $7,849,000 for the same period a year ago. Net loss was $7,426,000 compared to $7,889,000 for the same period a year ago. Basic and diluted loss per share was $0.20 compared to $0.21 for the same period a year ago. Adjusted LBITDA was $4,493,000 compared to $4,262,000 for the same period a year ago. Adjusted loss per share was $0.19 compared to $0.20 for the same period a year ago. Capital expenditures for the second quarter of fiscal 2018 were $0.8 million compared to $1.0 million in last year's second quarter. Capital expenditures in the second quarter this year primarily reflected investments in technology associated with the company's omni-channel capabilities.

For the six months, the company announced net sales of $173,319,000 compared to $175,173,000 for the same period a year ago. Operating loss was $12,540,000 compared to $11,416,000 for the same period a year ago. Loss before income taxes was $12,639,000 compared to $11,485,000 for the same period a year ago. Net loss was $12,745,000 compared to $11,577,000 for the same period a year ago. Basic and diluted loss per share was $0.34 compared to $0.31 for the same period a year ago. Net cash used in operating activities was $11,386,000 compared to $9,277,000 for the same period a year ago. Purchases of property, equipment and improvements were $1,722,000 compared to $3,150,000 for the same period a year ago. Adjusted LBITDA was $6,735,000 compared to $4,503,000 for the same period a year ago. Adjusted loss per share was $0.33 compared to $0.30 for the same period a year ago.

The company provided earnings guidance for the full year of fiscal 2019. The company believes it will deliver improved gross margin, drive year over year sales growth, and achieve meaningful improvement in earnings and cash flow in fiscal 2019.