Retail brand operator of Casual Male Big & Tall and Rochester Big & Tall Casual Male Retail Group Inc reported its sales results for the third quarter of fiscal 2005.
Total sales for the 13 week period ended October 29, 2005 increased 25.7 percent to $93.8 million from $74.6 million for the prior year's 13 week period ended October 30, 2004. Comparable store sales for the third quarter of fiscal 2005 increased 3.7 percent when compared with the third quarter of fiscal 2004.
For the nine months ended October 29, 2005, total sales increased 24.5 percent to $291.7 million from $234.3 million for the nine months ended October 30, 2004. Comparable store sales for the nine months of fiscal 2005 increased 3.1 percent when compared with the nine months of the prior year.
CMRG's sales results for the prior fiscal periods exclude sales related to its divested Other Branded Apparel Businesses and include all Rochester Big & Tall sales as of the acquisition date of October 29, 2004. The comparable store sales performance includes prior year sales for Rochester Big & Tall for the similar reporting periods.
'This is their eighth consecutive quarter of positive comp sales and they anticipate gross margin improvement of at least 100 basis points and SG&A expenses to be consistent with prior quarter levels. In line with their internal expectations, the Company expects to report a loss for the third quarter in the range of $0.04 to $0.06 per diluted share,' said David Levin, Chief Executive Officer and President of Casual Male.
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