Net revenues up 17.9% at Body Central in Q3

15 Nov '11

4 min read

Inventories at the end of the third quarter were $20.6 million compared to $17.2 million at the end of the third quarter of 2010. Average store inventories increased 2% from one year ago, excluding inventories held for new store openings in October and November.

The Company had no long-term debt as of the end of the third quarter of 2011 as compared to $31.5 million at the end of the third quarter of 2010.

Outlook
For the fourth quarter of fiscal 2011, the Company expects net revenues in the range of $75 million to $79 million and diluted earnings per share in the range of $0.34 to $0.37, based on diluted weighted-average shares outstanding of 16.2 million.

For fiscal 2011, the Company now expects net revenues in the range of $291 million to $295 million and diluted earnings per share in the range of $1.19 to $1.22, based on diluted weighted-average shares outstanding of 16.2 million.

Founded in 1972, Body Central Corp. is a growing, multi-channel, specialty retailer offering on-trend, quality apparel and accessories at value prices. As of November 4, 2011 the Company operated 232 specialty apparel stores in 24 states under the Body Central and Body Shop banners, as well as a direct business comprised of a Body Central catalog and an e-commerce website.

Body Central Corp

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