Fashion retailer La Senza announces Q2 results

25 Aug '05

3 min read

Sales for the second quarter ended July 30, 2005 amounted to $97.0 million compared to $86.4 million for the second quarter ended July 31, 2004, an increase of 12.2 percent. For the first half of the current year, sales amounted to $180.4 million compared to $157.4 million for the six months of the prior year, representing an increase of 14.6 percent. Comparable store sales (stores open more than a year) increased by 8.2 percent in the second quarter of the current year over the second quarter of the prior year, and for the six months the increase was 9.1 percent.

Irving Teitelbaum, Chairman and Chief Executive Officer of the Corporation, said "All are pleased to note second quarter sales performance maintained the strong momentum shown in the first quarter of the current year. These encouraging results are an excellent lead-in to the last half of the year where traditionally we achieve the major portion of our sales volume."

The Board declared a quarterly dividend of $0.16 per share, which is payable on September 21, 2005 to shareholders of record as of September 7, 2005.

Canada based La Senza Corporation, headquartered in Montreal, is a specialty retailer with 299 corporate owned stores as at July 30, 2005, offering fashionable lingerie and sleepwear sold in its 223 "La Senza" and "Silk & Satin" stores, and fashionable apparel for girls sold in its 76 "La Senza Girl" stores. Stores are located in every province in Canada. In addition, 248 independently owned "La Senza" and "La Senza Girl" stores are operating in 22 other countries under license.

La Senza Corporation

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