CPI Reports 3Q10 EPS of ($1.05)

CPI Corp. CPY today reported results for the fiscal 2010 third quarter ended November 13, 2010. Fiscal 2010 third-quarter sales declined 1% to $106.2 million from $107.3 million in the prior-year third quarter as comparable store declines were mostly offset by sales from newly opened Kiddie Kandids studios. Third-quarter diluted EPS declined to a loss of ($1.05) per share in fiscal 2010 versus a loss of ($0.97) per share in the prior-year third quarter. Excluding other charges and impairments in each period, EPS improved in the current year quarter to ($0.75) versus ($0.87) last year.