Too Inc look forward to double Q2 results

02 Aug '05

2 min read

Ohio based specialty retailer Too Inc said it expects to report second quarter 2005 fully diluted earnings per share of $0.10 to $0.11 and a comparable store sales increase of 5%, based on its preliminary operating results for the thirteen weeks ended July 30, 2005. The company's sales and earnings forecasts are considerably higher than its previous guidance of earnings per share of $0.05 based on an expected comparable store sales increase of 1% to 2%. Too's restated second quarter 2004 diluted earnings per share was $0.05 on a comparable store sales decrease of 3%.

"Company have seen a very positive start to our back-to-school selling season, with end-of-quarter merchandise inventories in excellent shape," said Mike Rayden, Chairman, President and CEO of Too, Inc.

Too plans to report operating results for the second quarter ended July 30, 2005 on Wednesday, August 17, 2005 and will hold a conference call and webcast the same day beginning at 9:00 a.m. Eastern Time.

US based Too Inc is a leading specialty retailer for young girls. At Limited Too, the company sells sportswear, related accessories, footwear, lifestyle and personal care products for active, fashion-aware 'tween (ages 7 to 14) girls. Limited Too currently operates 566 stores in 46 states and Puerto Rico, and has 16 international franchised stores. Limited Too publishes a catalog coinciding with key 'tween shopping times throughout theyear and conducts e-commerce on its Web site, www.limitedtoo.com.

Justice is the company's newest specialty retail concept for young girls, offering sportswear, key accessories and lifestyle items to value-conscious customers, predominantly in off the mall store locations. Justice currently operates 62 stores in 22 states.

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