Women's apparel maker Cache Inc announced that same-store sales increased 5 percent in March 2006, as compared to achieving flat same-store sales in March 2005.
Total sales for the five-week period ended April 1st 2006 increased to $29.3 million, or 5.4 percent, as compared to the five-week period ended April 2nd 2005.
Same-store sales increased 1 percent during the 13 week period ended April 1st 2006, as compared to a 1 percent increase for the same period in 2005. Total sales for the 13 week period increased $0.9 million or 1.4 percent to $63.7 million.
Brian Woolf, Cache's Chairman said, "Our comparable store sales increase of 5 percent for March reflected a strong performance at Cache, partially offset by ongoing weakness at Lillie Rubin. While we continue to be pleased with the strength of our Cache business across each of our categories and believe we are positioned to report improved results at Lillie Rubin, we have tempered our first quarter guidance, due to reduced expectations for Lillie Rubin.”
“That said, we are confident that we will report solid growth in sales and earnings during the second quarter and for the balance of the year. Our Lillie Rubin business is expected to improve, as merchandising initiatives by its new GMM take hold and as we face easier comparisons for the total company," he said.
The company noted that it is revising its outlook for net sales and diluted earnings per share for the first quarter of fiscal 2006 and full year fiscal 2006. It currently estimates first quarter fiscal 2006 diluted earnings per share in the range of $0.10 to $0.11 as compared to its previous guidance range for diluted earnings per share in the range of $0.12 to $0.14.
marketing@alchempro.com
