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New York & Company Inc declares Q1 2006 results
18 May '06
3 min read
Fiscal Year 2006 Guidance Updated
For full fiscal year 2006, the Company currently estimates net sales in the range of $1,203.0 million to $1,222.0 million. This compares to the Company's previous guidance range of $1,237.0 million to $1,253.0 million, and actual fiscal year 2005 net sales of $1,130.5 million.
For full fiscal year 2006, the Company plans to open 63 new stores and remodel 36 locations. The Company expects to close ten stores and anticipates having 572 stores in operation at the end of fiscal year 2006, as compared to 519 stores in operation at the end of fiscal year 2005.
For full fiscal year 2006, capital spending is estimated to be in the range of $84.0 million to $86.0 million, as compared to $81.1 million in fiscal year 2005. These amounts do not reflect construction allowances of $18.6 million and $16.0 million, respectively, which are reflected as deferred rent liabilities.
Conference Call Information
A conference call to discuss first quarter of fiscal year 2006 results is scheduled for today Thursday, May 18th, 2006 at 8:00 am Eastern Time.
New York & Company Inc, founded in 1918, is a leading specialty retailer of fashion-oriented, moderately-priced women's apparel. The Company's proprietary branded New York & Company merchandise is sold exclusively through its national network of retail stores. The Company currently operates 530 retail stores in 45 states.
For full fiscal year 2006, the Company currently estimates net sales in the range of $1,203.0 million to $1,222.0 million. This compares to the Company's previous guidance range of $1,237.0 million to $1,253.0 million, and actual fiscal year 2005 net sales of $1,130.5 million.
For full fiscal year 2006, the Company plans to open 63 new stores and remodel 36 locations. The Company expects to close ten stores and anticipates having 572 stores in operation at the end of fiscal year 2006, as compared to 519 stores in operation at the end of fiscal year 2005.
For full fiscal year 2006, capital spending is estimated to be in the range of $84.0 million to $86.0 million, as compared to $81.1 million in fiscal year 2005. These amounts do not reflect construction allowances of $18.6 million and $16.0 million, respectively, which are reflected as deferred rent liabilities.
Conference Call Information
A conference call to discuss first quarter of fiscal year 2006 results is scheduled for today Thursday, May 18th, 2006 at 8:00 am Eastern Time.
New York & Company Inc, founded in 1918, is a leading specialty retailer of fashion-oriented, moderately-priced women's apparel. The Company's proprietary branded New York & Company merchandise is sold exclusively through its national network of retail stores. The Company currently operates 530 retail stores in 45 states.
New York & Company Inc
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