Clothing cataloger Talbots retail store sales up 11% in Q2
17 Aug '05
5 min read
"Regarding our store expansion plan, we opened 11 new stores during the quarter, and closed three, bringing the total number of stores to 1,062 at the end of the period. We remain on track to open a net of 25 stores in the second half and expect to operate approximately 1,087 stores by the end of fiscal 2005."
"Looking ahead, they are pleased with our fall merchandise assortments and will look to further the momentum in our business with a comprehensive marketing program beginning in late August. Company plans take in national print and television advertising, as well as a number of more immediate traffic generating events that will be offered throughout the remainder of the fall/holiday season."
"In closing, they are optimistic as they enter the fall selling season. In terms of our outlook, they are currently planning for second half growth in earnings per share of approximately 16 percent over the prior year period, including last year's third quarter $0.08 tax benefit. If you exclude the $0.08 tax benefit recognized last year in the third quarter, this would reflect a 29 percent increase in earnings per share over the prior year period. Achieving our plan would yield full year 2005 earnings per share in line with the current First Call consensus estimate of approximately $1.87," concluded Mr. Zetcher.
Talbots is a specialty retailer & cataloger of women's, children's and men's classic apparel, shoes and accessories.
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