rue21 achieves consistent income growth in Q2 FY'12

The Company may suspend or discontinue the program at any time, and may thereafter reinstitute purchases, all without prior announcement.

Outlook:

For fiscal 2012, the Company is raising its prior guidance based on second quarter results and expects diluted earnings per share to be in the range of $1.80 to $1.85 versus its previous guidance of $1.76 to $1.81, and as compared to $1.55 in fiscal 2011.

This incorporates 25.0 million average diluted shares expected for fiscal 2012 as compared to 25.1 million average diluted shares in fiscal 2011. For the third quarter of fiscal 2012, the Company currently expects low single digit comparable store sales.

Diluted earnings per share for the third quarter are expected to be in the range of $0.38 to $0.40.

rue21 is a leading specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. rue21 currently operates 843 stores in 46 states.

rue21 inc