CLE for a bounce tomorrow-the news seems positive to me, it came out late this afternoon
I am following the stock!
Claire's Stores Reiterates Confidence That Quarterly Earnings Will Meet Analysts' Estimates
PEMBROKE PINES, Fla., June 23 /PRNewswire/ -- Claire's Stores, Inc. (NYSE: CLE - news) said today that it expects earnings from operations in the second quarter, ending July 31, to meet or exceed analysts' consensus estimates of $.33 per diluted share and that it expects same store sales comparisons for the month of June to be in mid- to high-single digit figures.
In reaction to investment community inquiries today, the company also said its Mr. Rags subsidiary is performing well within expectations considering that it has been undergoing a major reorganization of its merchandise planning, systems and distribution operations, and that the Mr. Rags results for the quarter will not adversely affect the forecasted $.33 per share earnings. The company also said it has no plans whatsoever to sell the 113-store chain.
Claire's Stores, Inc., the nation's premier retailer specializing in one-stop shopping for women's and men's fashion accessories and apparel, currently owns and operates more than 2,100 stores in the United States, Canada, the Caribbean, Japan, The United Kingdom and Europe. Included in that number are the approximately 113 Mr. Rags stores that offer ''skater/urban'' fashions for the teenage male market.
This release contains ''forward-looking statements'' that represent the company's expectations or beliefs with regard to future events. These ''forward-looking statements'' are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated. These facts include, without limitation |
