Wet Seal (WTSLA) Reports December Comps Down 3.7%, Reaffirms Quidance
The Wet Seal, Inc. (Nasdaq: WTSLA )reported net sales and comparable store sales for the five-week period ended December 31, 2011, or fiscal December, were $79.6 million and down 3.7%.
Susan McGalla, chief executive officer of The Wet Seal, Inc. commented, “We continue to expect fiscal fourth quarter earnings will be in the range of $0.03 to $0.05 per diluted share, with comparable store sales in line with our initial guidance of a decrease in the low single-digits.” The Street is currently forecasting a loss of $0.13 per share.
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Susan McGalla, chief executive officer of The Wet Seal, Inc. commented, “We continue to expect fiscal fourth quarter earnings will be in the range of $0.03 to $0.05 per diluted share, with comparable store sales in line with our initial guidance of a decrease in the low single-digits.” The Street is currently forecasting a loss of $0.13 per share.
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