Increased internet sales drive Mothers Work June sales

07 Jul '06

3 min read

“As we have stated in our recent press releases, we believe that the oversupply conditions that plagued the maternity apparel business during our fiscal 2004 and 2005 have eased, and we believe that our strong sales trend during fiscal 2006 reflects this. We also believe the strength of our product lines has helped our sales and gross margin performance, particularly thus far in the Spring/Summer selling season.”

"Our net sales of $163.9 million for the third quarter of 2006 exceeded our previous third quarter sales guidance of $157.5 to $160.5 million, and our comparable sales increase of 6.4 percent exceeded our previous third quarter comparable store sales guidance of an increase of 2.5 percent to 4.5 percent.”

With our strong sales performance for the third quarter of fiscal 2006, a favorable price promotional environment compared to last year, and our continued tight expense controls, we expect to meet or exceed our previous third quarter guidance for diluted earnings per share of between $1.20 and $1.34 per share (after stock option expense).

Mothers Work is the world's largest designer and retailer of maternity apparel, using its custom TrendTrack(TM) merchandise analysis and planning system as well as its quick response replenishment process to "give the customer what she wants, when she wants it."

Mothers Work Inc

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