Leading specialty retailer of fashion-oriented, moderately-priced women's apparel, New York & Company Inc with 526 stores, announced that its April net sales, based upon month-to-date trends, are currently expected to range from $88.5 million to $94.0 million, representing an increase in comparable store sales for the month of approximately 1.0 percent to 6.0 percent.
This positive trend represents a significant improvement versus last month; however, is less than required to achieve the current earnings guidance range. As a result, the Company now expects first quarter fiscal 2006 net sales to range from $264.0 million to $269.5 million, which represents a decrease in comparable store sales of approximately 8.2 percent to 9.5 percent, respectively, as compared to its previous range of $277.0 million to $282.0 million, representing a decrease in comparable store sales of approximately 4.0 percent to 6.0 percent for the quarter.
The Company expects fully diluted earnings per share to be in the range of $0.09 to $0.13, as compared to its previous guidance for diluted earnings per share in the range of $0.20 to $0.23.
New York & Company Inc, founded in 1918, is a leading specialty retailer of fashion-oriented, moderately-priced women's apparel.
The Company's proprietary branded New York & Company merchandise is sold exclusively through its national network of retail stores. As of April 13, 2006, the Company operated 526 retail stores in 45 states.
marketing@alchempro.com
