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Earnings Analysis: 
Too Tops Estimate on Same-Store Sales
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:38 AM EDT May 17 2006



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Too Inc, (TOO), attributed the earnings rise to the same-store sales improvement and a reduction in general, administrative and store operating expenses stemming from elimination of the company''s Limited Too spring television advertising. Too sees earnings of 16 to 18 cents a share in Q2 with same-store sales advancing in the positive mid-single digits on a percentage basis. For the full year, the company expects earnings of $2 to $2.10 a share.

Zale Corp, (ZLC), fine jewelry retailer, reported Q3 net income advanced to 35 cents a share, up from 28 cents a share in the year earlier period. If not for items, net income was 24 cents a share. Revenue advanced 2.2% to $526.9 million. The company beat analysts’ estimates for net income of 21 cents a share.

Charming Shoppes Inc, (CHRS), retailer of women''s plus-size apparel, reported Q1 net income advanced 7% to 24 cents a share, up a penny from 23 cents in the year-ago period on 22% higher sales, matching analysts’ estimate. Sales advanced to $734.9 million from $603.3 million.

Retalix, (RTLX), enterprise-solutions provider, posted Q1 profit decrease of 35% to 8 cents a share, from a year ago on a higher tax rate despite 50% revenue growth to $50.7 million. The company added it expects its effective tax rate to decline at least to its normal rate in the Q2.

The Talbots Inc, (TLB), specialty apparel retailer, reported Q1 earnings of 51 cents a share, down from a profit of 63 cents a share year-ago. Q1 includes stock option expensing of 3 cents a share. Sales rose 1% in Q1 to $453 million from $446.5 million in the same period a year ago and same-store sales advanced 0.9% in the quarter. The company matched analysts estimate.

FirstService Corp, (FSRV), property and business services provider, reported Q4 net income advanced to $1.18 a share, from a loss of 4 cents a share in the year-earlier period. Adjusted net income advanced to 6 cents a share from a loss of 3 cents a share. Earnings from continuing operations gained a penny a share from a loss of 11 cents a share. Revenue rose 24%. The company topped analysts’ views for earnings of 6 cents a share.
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Market data: BATS Exchange. Inc.

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