Too Inc comparable stores sales rise in mid-single digit range

05 Oct '05

2 min read

Ohio based specialty retailer Too Inc announces that because of stronger than projected back-to-school sales, it now expects earnings per share for the third quarter ending October 29, 2005 to be in the range of $0.41 to $0.43 per diluted share, based on an estimated comparable stores sales increase in the mid-single digit range.

Too Inc reported earnings per diluted share of $0.33 and a comparable store sales increase of 11 percent for the third quarter 2004.

"The key 'tween fashion trends that capitalized on in early fall have sustained their momentum, providing us with a successful back-to-school season," said Mike Rayden, Too Inc Chairman, President and CEO.

The company said Hurricanes Katrina and Rita did a relatively small amount of damage to its operations, with only 5 of its 643 stores still closed as a result of the storms.

Too plans to release the operating results for the third quarter 2005 on Wednesday, November 16, 2005, before the opening of trading on the New York Stock Exchange.

US based Too Inc is a leading specialty retailer for young girls. At Limited Too, the company sells sportswear, related accessories, footwear, lifestyle and personal care products for active, fashion-aware 'tween (ages 7 to 14) girls. Limited Too currently operates 566 stores in 46 states and Puerto Rico, and has 16 international franchised stores. Limited Too publishes a catalog coinciding with key 'tween shopping times throughout theyear and conducts e-commerce on its Web site.

Justice is the company's newest specialty retail concept for young girls, offering sportswear, key accessories and lifestyle items to value-conscious customers, predominantly in off the mall store locations. Justice currently operates 62 stores in 22 states.

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