The net income increased 40.9 percent to $25.3 million, or $1.78 per diluted share, versus $17.9 million, or $1.30 per diluted share, for the year ended January 31st 2005.
During the fourth quarter of fiscal 2006, Deb Shops opened two new stores, remodeled two existing locations and closed three stores. It also added a net of three plus-size departments and as of January 31st 2006, operated plus-size departments in 163 Deb Shops stores.
Based on current information, Deb Shops has established fiscal 2007 sales guidance in the range of $343 million to $348 million and fully diluted earnings guidance of between $1.85 and $1.90 per share. These amounts are based on a projected low single digit comparable store sales increase and by net store growth of between 15 and 20 locations.
Deb Shops Inc is a national specialty retailer of fashionable apparel, shoes and accessories for juniors in both regular and plus sizes. Currently, it operates 329 specialty apparel stores in 41 states under the DEB and Tops 'n Bottoms names.
marketing@alchempro.com
