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Jewelry retailer Claire's Stores Inc declares Q2 results
18 Aug '05
5 min read
Third Quarter:
For the third quarter of Fiscal 2006, we are estimating revenues between $308 and $314 million, an increase of four to six percent. Comparable store sales are projected to rise by three to five percent. This follows an increase of nine percent in the third quarter of Fiscal 2005. Net income is projected to reach $27 to $30 million, or $0.27 to $0.30 per diluted share.
Gross margins as a percentage of sales are expected to be 20 to 30 basis points higher than last year's third fiscal quarter. SG&A as a percentage of sales is projected to be within a range of 10 basis points below to 20 basis points above last year's level.
Full Year:
For Fiscal 2006 in its entirety, revenues are projected to grow by approximately five to seven percent from $1.34 billion to $1.37 billion. Comparable store sales are expected to increase by three to five percent.
Gross margins as a percentage of sales are anticipated to improve by 25 to 30 basis points. SG&A expenses as a percentage of sales are anticipated to decline 30 to 50 basis points.
Net income is projected to be within a range of $1.54 to $1.65 on a diluted per share basis.
Quarterly Dividend
The Board of Directors has declared the regular quarterly cash dividend of $0.10 per share payable on the Common Stock and $0.05 per share payable on the Class A Common Stock. Payment will be made on September 16, 2005 to shareholders of record on September 6, 2005.
Conference Call Information
For the third quarter of Fiscal 2006, we are estimating revenues between $308 and $314 million, an increase of four to six percent. Comparable store sales are projected to rise by three to five percent. This follows an increase of nine percent in the third quarter of Fiscal 2005. Net income is projected to reach $27 to $30 million, or $0.27 to $0.30 per diluted share.
Gross margins as a percentage of sales are expected to be 20 to 30 basis points higher than last year's third fiscal quarter. SG&A as a percentage of sales is projected to be within a range of 10 basis points below to 20 basis points above last year's level.
Full Year:
For Fiscal 2006 in its entirety, revenues are projected to grow by approximately five to seven percent from $1.34 billion to $1.37 billion. Comparable store sales are expected to increase by three to five percent.
Gross margins as a percentage of sales are anticipated to improve by 25 to 30 basis points. SG&A expenses as a percentage of sales are anticipated to decline 30 to 50 basis points.
Net income is projected to be within a range of $1.54 to $1.65 on a diluted per share basis.
Quarterly Dividend
The Board of Directors has declared the regular quarterly cash dividend of $0.10 per share payable on the Common Stock and $0.05 per share payable on the Class A Common Stock. Payment will be made on September 16, 2005 to shareholders of record on September 6, 2005.
Conference Call Information
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