Preliminary net sales increased 13.4 percent to $151.5 million for the first quarter of fiscal 2006 ended December 31, 2005, from $133.6 million for the same period of the preceding year. Comparable store sales increased 3.1 percent during the first quarter of fiscal 2006 (based on 1,019 locations) versus a comparable store sales decrease of 4.2 percent during the first quarter of fiscal 2005 (based on 894 locations).
The comparable store sales increase of 3.1 percent for the first quarter of fiscal 2006 was favorably impacted by approximately 0.5 percentage points due to having five Saturdays in December 2005 compared to four Saturdays in December 2004. For the quarter ended December 31, 2005, the Company opened 6 stores (including the reopening of 3 stores which had been closed since late August 2005 due to Hurricane Katrina) and closed 7 stores.
Rebecca Matthias, President and Chief Operating Officer of Mothers Work, pleased with continued strong sales performance in December, with December comparable store sales increase of 3.5 percent representing our fourth consecutive month of comparable store sales increases.
Mothers Work is the leading designer, manufacturer, and marketer of maternity fashion in the US, as of July 31, 2005, Mothers Work operates 1,593 maternity locations, including 856 stores, predominantly under the tradenames Motherhood Maternity, A Pea in the Pod, Mimi Maternity, and Destination Maternity, and 737 leased departments, andsells on the web through its DestinationMaternity.com, maternitymall.com and brand-specific websites.
marketing@alchempro.com
