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NY & Co Q4 sales results in line with updated expectations
08 Feb '08
2 min read
The Company opened 17 new stores and closed seven stores during the quarter, ending the quarter with 578 stores and 3.3 million selling square feet in operation.
Guidance Update:
The Company noted that it remains comfortable with its previous statement regarding fourth quarter of fiscal year 2007 earnings, which was updated on January 14, 2008 and includes an expectation for fourth quarter diluted earnings per share for the New York & Company brand in the range of $0.15 to $0.19 and a diluted loss per share for the discontinued JasmineSola business in the range of $0.14 to $0.11. The Company also noted that as planned, all JasmineSola stores were closed by the end of the fourth quarter of fiscal year 2007.
Guidance Update:
The Company noted that it remains comfortable with its previous statement regarding fourth quarter of fiscal year 2007 earnings, which was updated on January 14, 2008 and includes an expectation for fourth quarter diluted earnings per share for the New York & Company brand in the range of $0.15 to $0.19 and a diluted loss per share for the discontinued JasmineSola business in the range of $0.14 to $0.11. The Company also noted that as planned, all JasmineSola stores were closed by the end of the fourth quarter of fiscal year 2007.
New York & Company Inc
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