Home / Knowledge / News / Apparel/Garments / Apparel retailer Deb Shops declares Q1 results

Apparel retailer Deb Shops declares Q1 results

May '06
Deb Shops Inc, a leading teen apparel retailer, reported financial results for the first quarter ended April 30, 2006.

For the first quarter of fiscal 2007, net sales increased 5.1 percent to $81.5 million compared to $77.5 million in the first quarter a year ago. Gross profit, which is net of buying and occupancy costs, was $22.9 million resulting in a gross margin of 28.1 percent for the period.

This compares to gross profit of $21.8 million and a 28.1 percent gross margin in the first quarter of fiscal 2006. First quarter net income was $2.7 million compared to $2.8 million in the year ago period, while diluted earnings per share was $0.19 compared to $0.20 in last year's first quarter.

As of April 30, 2006, the Company had $118.9 million in cash and marketable securities, shareholders' equity of $132.7 million, and no debt.

Marvin Rounick, President and CEO of Deb Shops, stated, "During the first quarter, we were able to perform on-plan and report results that were in-line with our internal projections. The opening of new stores and the continued expansion of our plus-size business drove sales. We opened six new stores in the first quarter and we remain on track for net store growth of between 15 to 20 locations in fiscal 2007 compared to an average annual net store growth of seven locations over the past five years. As we approach the upcoming summer and back-to-school selling seasons, we are confident in our product assortments and merchandising strategy."

Must ReadView All

Pic: Shutterstock

Retail | On 5th Mar 2021

Walmart commits $350 bn to US manufacturing in next 10 years

Walmart has announced a strengthened commitment to US jobs and...

Pic: Shutterstock

Retail | On 5th Mar 2021

Primark may take £1.1-bn sales hit from store closures in

Associated British Foods expects to incur a sales loss during store...

UK Chancellor of the Exchequer Rishi Sunak. Pic: GOV.UK

Textiles | On 4th Mar 2021

More support measures for workers, businesses announced in

British chancellor of the treasury Rishi Sunak recently announced...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

Athleisure is the current buzzword in fashion

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Anupam Chakrabarty,

Anupam Chakrabarty

Headquartered in Finland, Helsinki, Lindström Group is a textile rental...

Ian Burn,

Ian Burn

Camira's expertise goes from farm to fabric and everything in between. The ...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Silverio Baranzano, Fitesa

Silverio Baranzano

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search