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S&K announces same-store Q2 sales up 5.5%
29 Aug '05
2 min read
Virginia based leading retailer S&K Famous Brands Inc announced results for the second quarter and six months ended July 30, 2005.
Net income for the second quarter was $121,000, or $0.05 per diluted share, compared to a net loss of ($110,000), or ($0.04) per diluted share, in the same period last year. Total sales increased 5.5 percent to $42.7 million compared to $40.5 million in the same quarter of last year. Same-store sales for the second quarter increased 5.5 percent.
For the six months ended July 30, 2005, net income increased 56 percent to $2,623,000, or $1.00 per diluted share, compared to $1,676,000, or $0.63 per diluted share, for the same period last year. Total sales increased 7.5 percent to $98.3 million compared to $91.4 million for the first six months of last year. Same-store sales for the first six months were up 7.3 percent over last year.
Stewart M. Kasen, President and Chief Executive Officer, said, “The Company's value pricing strategy has resonated well with our customers in the first half, delivering 56 percent improved earnings on 7.5 percent higher sales.”
S&K Famous Brands Inc is a retailer of value-priced menswear operating 233 stores in 27 states reaching from the East Coast to Texas and from Maine to Florida. S&K offers a complete line of men's apparel generally priced 20-40 percent below department store and specialty store regular prices.
Net income for the second quarter was $121,000, or $0.05 per diluted share, compared to a net loss of ($110,000), or ($0.04) per diluted share, in the same period last year. Total sales increased 5.5 percent to $42.7 million compared to $40.5 million in the same quarter of last year. Same-store sales for the second quarter increased 5.5 percent.
For the six months ended July 30, 2005, net income increased 56 percent to $2,623,000, or $1.00 per diluted share, compared to $1,676,000, or $0.63 per diluted share, for the same period last year. Total sales increased 7.5 percent to $98.3 million compared to $91.4 million for the first six months of last year. Same-store sales for the first six months were up 7.3 percent over last year.
Stewart M. Kasen, President and Chief Executive Officer, said, “The Company's value pricing strategy has resonated well with our customers in the first half, delivering 56 percent improved earnings on 7.5 percent higher sales.”
S&K Famous Brands Inc is a retailer of value-priced menswear operating 233 stores in 27 states reaching from the East Coast to Texas and from Maine to Florida. S&K offers a complete line of men's apparel generally priced 20-40 percent below department store and specialty store regular prices.
S&K Famous Brands Inc
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