• First quarter 2007 net sales up 14% to $223.2 million and an 11% increase in earnings per diluted share to $0.39.
Following the annual meeting, the Board of Directors amended Tween Brands' share repurchase program to restore the amount that may be used to repurchase shares to $150 million over a two year period beginning May 29, 2007. The purchases may occur from time to time, subject to market conditions, in open market or in privately negotiated transactions, and in accordance with Securities and Exchange Commission requirements. There can be no assurance that the company will repurchase any shares under the amended share repurchase program.
Since the original authorization by the Board in November 2004, the company has repurchased more than six million shares of its common stock.
Tween Brands Inc is a leading specialty retailer for tweens (ages 7 to 14). At Limited Too, the company sells sportswear, related accessories and key lifestyle items for active, fashion-aware tween girls. Limited Too currently operates 569 stores across the United States, and has a select number of international franchised stores.
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