Home / Knowledge / News / Apparel/Garments / Mothers Work raises Q3 earnings outlook as sales rise

Mothers Work raises Q3 earnings outlook as sales rise

15
Jul '06
Mothers Work Inc, the world's leading maternity apparel retailer, announced an increase to its earnings guidance range for the third quarter ended June 30th 2006.

Based on updated information from the preliminary closing of its financial books, the company expects to report diluted earnings per share for the third quarter ended June 30th 2006 of between $1.52 and $1.56 per share (after stock option expense), an increase from the company's previous third quarter guidance for diluted earnings per share of between $1.20 and $1.34 per share (after stock option expense).

As reported in its July 6th 2006 press release, the company's net sales for the third quarter of 2006 of $163.9 million exceeded its previous third quarter sales guidance of $157.5 to $160.5 million, and its comparable store sales increase of 6.4 percent for the quarter exceeded its previous third quarter comparable store sales guidance of an increase of 2.5 to 4.5 percent.

The company will report results for its third quarter and hold an investor conference call on July 25th 2006, at which time it will provide additional information related to its results for the third quarter, future financial guidance and strategic business initiatives.

Mothers Work is the world's largest 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.'

As of June 30th 2006, Mothers Work operates 1,540 maternity locations, including 815 stores, predominantly under the tradenames Motherhood Maternity, A Pea in the Pod, Mimi Maternity, and Destination Maternity, and sells on the web through its DestinationMaternity.com and brand-specific websites.

Mothers Work Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 12th Apr 2021

Singapore becomes first RCEP participating country to ratify agreement

Singapore has ratified the Regional Comprehensive Economic...

Pic: Shutterstock

Textiles | On 12th Apr 2021

World economy stumbling towards two-track recovery: Report

The world economy is facing sharply divergent growth prospects across ...

Pic: Shutterstock

Textiles | On 12th Apr 2021

2021 to be critical for European textiles and clothing sector: Euratex

2021 will be a critical year for the European textile and clothing...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Subrata Ghosh,

Subrata Ghosh

Nandan Denim, part of leading conglomerate Chiripal Group, commenced its...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2021

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


Advanced Search