Balance Sheet highlights as of June 30, 2012:
Cash, cash equivalents and short-term investments were $42.0 million at the end of the second quarter compared to $29.2 million in the second quarter of the prior year.
The Company continues to have no long-term debt.
Inventories at the end of the second quarter were $18.1 million in both the second quarter of fiscal 2012 and 2011. On an average store basis, inventory values were down 7.8% from second quarter fiscal 2011 levels.
Outlook
For the third quarter of fiscal 2012, the Company now expects comparable sales to decrease 12 to 14 percent, net revenues in the range of $68 million to $70 million and diluted earnings per share in the range of $0.02 to $0.04, based on diluted weighted-average shares outstanding of 16.4 million.
For the full fiscal year, the Company now expects comparable sales to decrease 8 to 10 percent, net revenues will be in the range of $314 million to $317 million and diluted earnings per share in the range of $0.80 to $0.83, based on diluted weighted-average shares outstanding of 16.4 million.
Body Central Corp. is a growing, multi-channel, specialty retailer offering on-trend, quality apparel and accessories at value prices.
Body Central Corp