Cache (CACH) March Comps up 5%; Cuts EPS Guidance

Cache Inc. (NASDAQ: CACH) announced comparable store sales increased 5% in March.

The Company currently estimates first quarter fiscal 2006 diluted earnings per share in the range of $0.10 to $0.11, inclusive of $0.01 per share for stock option expense, as compared to its previous guidance range for diluted earnings per share in the range of $0.12 to $0.14, inclusive of $0.01 per share for stock option expense. Actual net sales for the first quarter of fiscal 2006 were $63.7 million, in line with the Company's previous guidance range of $63.0 million to $64.0 million.

For fiscal 2006, the Company continues to estimate net sales in the range of $278 million to $284 million, as compared to actual fiscal 2005 net sales of $266.4 million. Fiscal 2006 diluted earnings per share are currently estimated in the range of $0.98 to $1.00, inclusive of $0.04 per share for stock option expense, as compared to the Company's previous guidance range of $1.00 to $1.02, inclusive of $0.04 per share for stock option expense.

You May Also Be Interested In

• Bernstein says it's time to buy this 'earnings aristocrat'
• Pullback in this hotel stock "provides attractive entry point": GS
• Under Armour Q1 earnings preview: analysts eye North America recovery signs