dELiA*s Inc. Announces Preliminary Fourth Quarter Results
NEW YORK--(BUSINESS WIRE)--March 30, 1999--dELiA*s Inc., (Nasdaq:DLIA), a leading marketer to Generation Y, today announced preliminary results for the fourth quarter ended January 31, 1999. For the fourth quarter, the Company stated it expects to report sales of approximately $59 million, and earnings per share of $0.21, in line with analysts' consensus estimates.
The Company noted that it enjoyed strong demand for dELiA*s holiday merchandise through its catalog and web sites. dELiA*s also stated that it was pleased with the performance of its recently acquired Storybook Heirlooms catalog and the improvement at its TSI Soccer subsidiary over the prior year. However, the Company said its Screeem! subsidiary continued to experience softness through the fourth quarter.
dELiA*s will report full financial results for the fourth quarter and fiscal year and will host a conference call on April 15, 1999, subsequent to the anticipated completion of the initial public offering of iTurf, the Company's Internet subsidiary.
dELiA*s Inc. is a leading marketer of apparel, accessories, home furnishings and athletic goods to "Generation Y," which is defined as consumers ages 10 to 24. The Company offers proprietary and other brands through various catalogs and retail stores and provides community, content and commerce services to Generation Y though the Internet.
With the exception of the historical information contained in this press release, the matters described herein contain forward- looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties and other factors beyond the Company's control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, increases in the cost of materials, printing, paper, postage, shipping and labor; timing of catalog mailings; response rates; levels of competition; difficulties in integrating acquisitions; weather and other factors affecting retail stores; and other factors detailed in the Company's registration statements and periodic reports filed with the Securities and Exchange Commission. Results for historical periods are not necessarily indicative of results for future periods.
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