Charlotte Russe Holding Inc, a growing mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties, reported that comparable store sales for the Charlotte Russe stores are expected to increase by approximately 7.5 percent to 8.0 percent during the fourth quarter of fiscal 2006 ending September 30, 2006.
As a result, sales are running higher than the previous guidance on July 20th of a mid single-digit increase for the fourth quarter.
Based on these sales results, the company currently expects diluted earnings per share from continuing operations in the fourth quarter to range from $0.47 to $0.50, which is expected to exceed the previous guidance on July 20th of a range from $0.42 to $0.46 per share.
Management expects to release the fourth quarter financial results before the market opens on November 9, 2006, with a teleconference call scheduled for 8:00 a.m. (Pacific Time).
Charlotte Russe Holding Inc
marketing@alchempro.com
