"We had a solid sales performance in the first quarter of 2006. In the categories where we invested in improvements to the quality and aesthetics of our product, we were able to raise average unit retails, which drove our gross margin growth in the quarter," he added.
Payless ShoeSource remains committed to its long-standing goal to achieve low single-digit positive same-store sales on a consistent basis, through successful execution of its merchandising strategies. It does not provide guidance for sales, earnings or margins. However, the company's business model and strategy is designed to leverage its sales performance, and the goal is to achieve earnings per share growth in the mid-teens over time.
Payless ShoeSource Inc is the largest specialty family footwear retailer in the Western Hemisphere, dedicated to democratizing fashion and design in footwear and accessories and inspiring fun, fashion possibilities for the family at a great value. It operates a total of 4,602 stores.
marketing@alchempro.com
