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Sportswear maker Cache reports June 2006 sales guidance

07 Jul '06

3 min read

Specialty chain of women's apparel stores Cache Inc reported June 2006 sales figures. As previously announced, the Company plans to exit its Lillie Rubin business by September 2006. Therefore, the Company's comparable store sales results only include its 272 Cache stores.

Comparable Store Sales: (sales for stores open at least one year or more)

-- Increased 4 percent during the five week June 2006 period compared to an increase of 10 percent in the prior year period;

-- Increased 8 percent during the 13 week period ended July 1, 2006, as compared to the same period in 2005; and

-- Increased 6 percent during the 26 week period ended July 1, 2006, as compared to the same period in 2005.

Mr. Brian Woolf, Cache's Chairman commented: "Cache continued its favorable momentum in June. Comparable store sales increased 4 percent with particular strength in dresses and accessories.

Based on better-than-expected performance for our Cache chain during the quarter, we have increased our estimates and now expect second quarter pro forma results, excluding restructuring charges and Lillie Rubin losses to be in the range of $0.34 to $0.37 per diluted share, as compared to $0.31 to 0.33 per diluted share, previously. We are even more confident that our strategy to exit Lillie Rubin and capitalize on the potential of Cache and Cache Luxe is the right move for our Company, as we benefit from increasing rates of growth and profitability."

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