The Wet Seal, Inc. (WTSL) Reports In-Line Q4 Loss; Guides Q1 EPS, Sales

The Wet Seal, Inc. (NASDAQ: WTSL) reported Q4 EPS of ($0.06), in-line with the analyst estimate of ($0.06). Revenue for the quarter came in at $161.7 million versus the consensus estimate of $160.88 million.

Consolidated comparable store sales declined 8.3%, including a comparable store sales decline of 9.1% at Wet Seal and 3.1% at Arden B. Comparable store sales for the current year quarter are versus the comparable fourteen weeks from the prior year.

Sees Q1 2013 EPS of $-0.06--$0.03, which may not compare with the consensus of $0.02. his includes an estimated $2.3 million, or between $0.02 and $0.03 per diluted share, of incremental legal fees versus the first quarter of fiscal 2012 for the Company’s defense in certain employment related litigation that arose in prior years.

Also sees Q1 2013 revenue of $135-$139 million, versus the consensus of $143.1 million. Sees comparable store sales to decline in the mid single-digits, versus a 7.7% decrease in the prior year quarter.

For earnings history and earnings-related data on The Wet Seal, Inc. (WTSL) click here.

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