Rue21, Inc. (RUE) Tops Q1 EPS by 3c; Boosts FY12 EPS Outlook; Approves $50M Buyback

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Rue21, Inc. (NASDAQ: RUE) reported Q1 EPS of $0.46, $0.03 better than the analyst estimate of $0.43. Revenue for the quarter came in at $205.6 million versus the consensus estimate of $204.1 million.

Comparable store sales for the quarter were up 1.7%.

Rue21, Inc. sees FY2012 EPS of $1.76-$1.81, versus prior guidance of $1.74-$1.79 and the consensus of $1.79.

rue21's Board of Directors has authorized a share repurchase program granting the Company authority to repurchase up to $50 million of the Company's common stock.

For earnings history and earnings-related data on Rue21, Inc. (RUE) click here.

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