Mothers Work March same-store sales rise 2.2%, total sales up 7%
06 Apr '06
3 min read
Leading maternity apparel retailer Mothers Work Inc announced net sales for March 2006 and increased its earnings guidance for the second quarter of fiscal 2006 ended March 31st 2006.
The net sales for the month of March 2006 increased 7.0 percent to $56.8 million from $53.0 million reported for the month of March 2005.
The increase in net sales for March 2006 was primarily driven by sales from the expansion of the company's proprietary Two Hearts Maternity collection to an additional 497 Sears locations during late March 2005, as well as increases in comparable store sales, internet sales, and sales from the company's Oh Baby! by Motherhood licensed arrangement with Kohl's(R), which launched during the second quarter of fiscal 2005.
Same-store sales for March 2006 increased 2.2 percent versus a same-store sales decrease of 3.0 percent for March 2005.
During March 2006, the company opened two stores, including its eleventh Destination Maternity superstore, and closed four stores. It ended the month with 831 stores and 1,559 total retail locations, compared to 869 stores and 1,597 total retail locations at the end of March 2005.
The net sales increased 3.3 percent to $144.6 million for the second quarter of fiscal 2006 ended March 31st 2006, from $140.0 million for the same period of the preceding year. Same-store sales increased 1.4 percent during the second quarter of fiscal 2006 versus a same-store sales decrease of 3.0 percent during the second quarter of fiscal 2005.