Mr. Edison continued: “Our second quarter sales continue to be soft, with comparable store sales in May down 15.1%. We hope to show improvement in the fall season, as our efforts to provide compelling fall/holiday assortments while maintaining tight management of inventory and expenses bear fruit.”
The Company currently estimates fiscal 2007 EBITDA to be approximately $5.5 million to $8.0 million, compared to actual fiscal 2006 EBITDA of $6.1 million.
The Company anticipates a net loss for fiscal 2007 in the range of $1.6 million to $3.3 million and a net loss per share in the range of $0.24 to $0.50. This compares to a net loss of $1.5 million and a net loss per share of $0.24 in fiscal 2006.
Bakers Footwear Group Inc
marketing@alchempro.com
