Talbots April sales up 9%, same-store sales rise 10.8%
04 May '06
2 min read
Clothing retailer Talbots Inc announced total company sales for fiscal April, the four weeks ended April 29th 2006, increased 9 percent to $166.2 million from $151.8 million for the four weeks ended April 30th 2005. Comparable store sales increased 10.8 percent for the month.
The company also announced total sales for the thirteen weeks ended April 29th 2006 increased 1 percent to $453.0 million, compared to $446.5 million reported for the thirteen weeks ended April 30th 2005.
Retail store sales increased 2 percent to $384.9 million this year compared to $378.1 million last year. Comparable store sales increased 0.9 percent for the thirteen-week period.
Arnold Zetcher, Chairman, President and CEO, said, "We are pleased with our April comparable store sales performance, which came in well above our expectations. The adjustments we made to our marketing program during the period were successful in building momentum in our retail business."
"We did see a continuation of softer than anticipated catalog sales in the period, however, similar to the trends we experienced in March. At this time, we are reconfirming our outlook for first quarter earnings per diluted share to be in the range of $0.49 to $0.53, including approximately $0.03 in estimated stock option expense. Excluding the estimated stock option expense, the outlook is in the range of $0.52 to $0.56, versus last year's reported $0.63.
"In closing, we will be reporting Talbots brand first quarter earnings per share on May 17th, 2006. We are very excited with the addition of the J. Jill brand to The Talbots, Inc. portfolio and look forward to the successful integration of our two organizations as we move forward," concluded Zetcher.
Talbots Inc is a leading international specialty retailer and cataloger of women's, children's and men's apparel, shoes and accessories.
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