-- Net sales increased 4.4% to $135.5 million compared to $129.8 million in the first half of fiscal 2005 and Cache comparable store sales, excluding Lillie Rubin stores, gained 6%;
-- Net income including pre-tax Lillie Rubin exit costs of $5.7 million and stock option expense of $0.6 million, totaled $3.4 million, or $0.21 per diluted share, as compared to $0.30 per diluted share last year; and
-- Adjusted diluted EPS in the first half of fiscal 2006 totaled $0.52 and exclude: (i) losses related to Lillie Rubin of $0.10 per diluted share and (ii) Lillie Rubin exit costs of $0.21 per diluted share. This compares to adjusted diluted earnings per share of $0.36 in the first half of fiscal 2005, which exclude Lillie Rubin losses of $0.06 per diluted share. First half fiscal 2006 results included $0.02 per diluted share impact, related to stock option expense with no comparable expense incurred in the first half of fiscal 2005.
Brian Woolf, Cache's Chairman commented: "Our second quarter results were at the high end of our recently raised guidance and at Cache reflected strong full price selling across our core categories of dresses, sportswear and accessories. This drove a 390 basis point increase in gross profit margin and a 63.6% gain in operating profit before Lillie Rubin exit costs. We are pleased to end the quarter with inventory that is in great shape and our business positioned to capitalize on the fall season."
Additionally, during the second quarter, the company:
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
