Mothers Work Q1 sales rises 13.3%, same-store sales up
08 Feb '06
4 min read
The company ended the quarter with 851 stores and 1,594 total retail locations, compared to 880 stores and 1,111 total retail locations at the end of December 2004.
Rebecca Matthias, President and COO of Mothers Work Inc, noted, "We are very pleased with our strong sales, earnings and cash flow performance for the first quarter of fiscal 2006 and our strong sales in January, strengthening our conviction that we will deliver significantly improved financial results in fiscal 2006 and beyond, as evidenced by the significant increase in our earnings guidance for the year.
"We are particularly excited by the potential for sales consolidation and increased store profitability from our Destination Maternity Superstores. These Superstores typically carry all three of our brands plus a greatly expanded line of nursing accessories, fertility-related products and maternity-related exercise gear, books, and body and nutritional products.
"We also are continuing to develop business initiatives to leverage our relationship with our maternity customers, who are undergoing a major life stage change that drives widespread changes in purchasing needs and behavior.
"We are targeting net sales for fiscal 2006 in the $586 to $593 million range, representing sales growth of approximately 4% to 6% over fiscal 2005, based on the planned sales contribution from the full-year impact of our Sears and Kohl's initiatives, an assumed comparable store sales increase of between 1.7% and 2.6% for the full fiscal year, and planned increases in Internet sales and marketing partnership revenue.
marketing@alchempro.com
