Charming Shoppes 8-K Provides Updated Outlook for Fourth Quarter

EXHIBIT 99.2

CHARMING SHOPPES, INC. AND SUBSIDIARIES

PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 (Unaudited)

	Thirteen			Fifty-two
	Weeks Ended			Weeks Ended
	February 2,			February 2,
(In thousands, except per share amounts)	2008			2008
Net sales	$	731,824		$	2,722,462
Cost of goods sold, buying, catalog, and occupancy expenses		581,247			1,968,809
Selling, general, and administrative expenses		176,049			704,793
Impairment of goodwill and trademarks		18,172			18,172
Restructuring charges		14,357			14,357
Total operating expenses		789,825			2,706,131
Income/(loss) from operations		(58,001	)		16,331
Other income		1,006			8,793
Interest expense		(2,265	)		(10,552	)
Income/(loss) from continuing operations before income taxes and extraordinary item		(59,260	)		14,572
Income tax provision/(benefit)		(14,354	)		13,858
Income/(loss) from continuing operations before extraordinary item		(44,906	)		714
Loss from discontinued operations, net of income tax benefit of $6,613 for 13 weeks and $10,241 for 52 weeks		(80,428	)		(85,039	)
Extraordinary item, net of income tax provision of $582 for 13 and 52 weeks		912			912
Net loss	$	(124,422	)	$	(83,413	)
Basic net loss per share:
Income/(loss) from continuing operations	$	(.38	)	$	.01
Loss from discontinued operations, net of tax		(.69	)		(.70	)
Extraordinary item, net of income taxes		.01			.01
Net loss (1)	$	(1.07	)	$	(.69	)
Diluted net loss per share:
Income/(loss) from continuing operations	$	(.38	)	$	.01
Loss from discontinued operations, net of tax		(.69	)		(.70	)
Extraordinary item, net of income taxes		.01			.01
Net loss (1)	$	(1.07	)	$	(.69	)
(1)Results may not add due to rounding