For the full year of fiscal 2006, the company expects the sales from its licensed arrangement with Kohl's to exceed that of fiscal 2005. Comparable store sales increased 1.4 percent during the second quarter of fiscal 2006 (based on 998 locations) versus a comparable store sales decrease of 3.0 percent during the second quarter of fiscal 2005 (based on 898 locations).
The net sales for the first six months of fiscal 2006 increased 8.2 percent to $296.0 million from $273.7 million for the same six months of the preceding year. Comparable store sales increased 2.4 percent during the first six months of fiscal 2006 (based on 982 locations) versus a comparable store sales decrease of 3.7 percent during the first six months of fiscal 2005 (based on 866 locations).
Rebecca Matthias, President and COO of Mothers Work Inc, noted, "We are extremely pleased with our strong sales, earnings and cash flow performance for the second quarter of fiscal 2006 and our very strong sales thus far in April, strengthening our conviction that we will deliver significantly improved financial results in fiscal 2006 and beyond, as evidenced by the increase in our earnings guidance for the year."
"Looking forward to fiscal 2007, we expect to generate significantly higher earnings than fiscal 2006, while generating significant positive free cash flow," Rebecca added.
Mothers Work is the world'slargest designer and retailer of maternity apparel, using its custom TrendTrack merchandise analysis and planning system as well as its quick response replenishment process to "give the customer what she wants, when she wants it."
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