Mothers Work (MWRK) June Comps Down 5.45; Lower Guidance

Mothers Work, Inc. (Nasdaq: MWRK) said comparable store sales for June 2007 decreased 5.4%. The company said, "As a result of our continued weaker than expected sales trend, our sales for the third quarter of $153.2 million were lower than our guidance range of $160.0 million to $166.0 million provided in our April 24, 2007 press release." The also said, "With our lower than planned sales for the quarter, offset somewhat by lower than planned operating expenses, reflecting continued tight expense controls, we project that our third quarter diluted earnings per share, excluding the charge related to our $90 million debt redemption in April 2007, will be between $0.86 and $0.90 per share, below our guidance for diluted earnings per common share of between $1.25 per share and $1.55 per share excluding the debt redemption charge."

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