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Too Inc announces Q2 results, net income increases 150%
17 Aug '05
4 min read
Store Growth
Justice opened 16 stores during the 2005 quarter, including its first locations in Iowa and Alabama. The company has more than doubled the number of Justice stores since July 2004, operating 62 stores in 22 states at July 30, 2005.
Limited Too remodeled 7 existing stores during the quarter, opened 2 new stores and closed 3 underperforming stores. The company operated 567 Limited Too stores at July 30, 2005.
Back-to School Television 2005
Limited Too began its back-to-school national television advertising campaign on August 8th. Separate 15 and 30-second spots, highlighting Limited Too's early fall fashions and accessories, are airing on popular 'tween programming through the second week of September.
Third Quarter Outlook
Based on an estimated comparable store sales increase of 3 percent to 4 percent for the third quarter 2005, Too said it is comfortable with the current average First Call earnings per share estimate of $0.39, which would be an 18 percent increase on the restated fully-diluted earnings per share of $0.33 for the third quarter 2004.
"Company back-to-school fashions, especially denim, are resonating very well with our 'tween customers," said Mike Rayden, Too, Inc. Chairman, President and CEO.
Webcast
Too Inc will host a conference call with security analysts beginning at 9:00 a.m. ET today, Wednesday, August 17, 2005, to review the operating results for the second quarter ended July 30, 2005. The call is being webcast by CCBN and can be accessed at the Event Calendar page of Too, Inc.'s corporate website.
Justice opened 16 stores during the 2005 quarter, including its first locations in Iowa and Alabama. The company has more than doubled the number of Justice stores since July 2004, operating 62 stores in 22 states at July 30, 2005.
Limited Too remodeled 7 existing stores during the quarter, opened 2 new stores and closed 3 underperforming stores. The company operated 567 Limited Too stores at July 30, 2005.
Back-to School Television 2005
Limited Too began its back-to-school national television advertising campaign on August 8th. Separate 15 and 30-second spots, highlighting Limited Too's early fall fashions and accessories, are airing on popular 'tween programming through the second week of September.
Third Quarter Outlook
Based on an estimated comparable store sales increase of 3 percent to 4 percent for the third quarter 2005, Too said it is comfortable with the current average First Call earnings per share estimate of $0.39, which would be an 18 percent increase on the restated fully-diluted earnings per share of $0.33 for the third quarter 2004.
"Company back-to-school fashions, especially denim, are resonating very well with our 'tween customers," said Mike Rayden, Too, Inc. Chairman, President and CEO.
Webcast
Too Inc will host a conference call with security analysts beginning at 9:00 a.m. ET today, Wednesday, August 17, 2005, to review the operating results for the second quarter ended July 30, 2005. The call is being webcast by CCBN and can be accessed at the Event Calendar page of Too, Inc.'s corporate website.
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