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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, specialty retailer, reported Q1 earnings of 35 cents a share, up from a profit of 21 cents a share a year-ago. Sales advanced 19% in Q1 to $195.1 million from $164 million in the same period a year ago with same-store sales gaining 10%. The company topped analysts’ estimate for a profit of 30 cents a share.

 
Too Inc, (TOO: chart), 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: chart), 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: chart), 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: chart), 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: chart), 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: chart), 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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