The company maintained its yearly guidance of earnings per share from continuing operations to increase 10% to 20% vs. last year. Analysts expect earnings, on yearly basis, of $1.94 a share.
Claire's Stores Inc. ( CLE: chart), jewelry and accessories retailer, posted that 1Q earnings gained 7% on 7.5% higher sales. For the three months ended April 30, net income increased to $29.7 million, or 30 cents a share, versus $27.7 million, or 28 cents, in the year-ago quarter. Sales grew to $302.7 million vs. $281.6 million. Same-store sales, those from stores open at least a year, advanced 5%. Analysts expected 27 cents.
For 2Q Claire's expects profit of 30 to 33 cents a share on revenue of $317 million to $323 million. Analysts are looking for 35 cents for the quarter. |