Deb Shops (DEBS) Sept Comps Up 6.8%, Boosts Guidance
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Deb Shops, Inc. (Nasdaq: DEBS) said comparable store sales increased 6.8% for the month ended September 30, 2006. Total sales increased 10.4% to $28.3 million from $25.6 million for the month ended September 30, 2005.
Based on current information, Deb Shops expects fiscal 2007 sales to be in the range of $325 million to $330 million, versus prior guidance of $320 to $325 million. This is based on a projected low- to mid-single-digit comparable store sales decrease for the remainder of the fiscal year, offset by net new store growth. Accordingly, fiscal 2007 earnings per share are expected to range from $1.40 to $1.50, versus prior guidance of $1.30 to $1.40.
Based on current information, Deb Shops expects fiscal 2007 sales to be in the range of $325 million to $330 million, versus prior guidance of $320 to $325 million. This is based on a projected low- to mid-single-digit comparable store sales decrease for the remainder of the fiscal year, offset by net new store growth. Accordingly, fiscal 2007 earnings per share are expected to range from $1.40 to $1.50, versus prior guidance of $1.30 to $1.40.
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