Cache posts Q1 guidance; plans to foray into Intl markets
17 Jan '12
4 min read
For the first quarter of fiscal 2012, the Company currently expects comparable store sales to increase in the mid to high single-digit range. This follows a 7.7% increase in comparable store sales in the first quarter of fiscal 2011. The Company currently expects first quarter fiscal 2012 net earnings per diluted share in the range of $0.00 to $0.03, as compared to a net loss per share of $0.06 in the first quarter of fiscal 2011.
Cache is a nationwide, mall-based specialty retailer of sophisticated sportswear and social occasion dresses targeting style-conscious women who have a youthful attitude and are self-confident. As of December 31, 2011, the Company operated 279 stores, primarily situated in central locations in high traffic, upscale malls in 43 states, the Virgin Islands and Puerto Rico.
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