Bakers Footwear (BKRS) Shares Jump As Sales, Income Surges
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Shares of Bakers Footwear Group, Inc. (Nasdaq: BKRS) are up 82% today after reporting that December comparable store sales rose 9.9% which will result in fourth quarter net income in the range of $6.0 million to $7.0 million, dramatically ahead of fourth quarter 2008 net income of $0.5 million.
Bakers Footwear believes it has adequate liquidity to fund anticipated working capital requirements and expects to be in compliance with its financial covenants throughout the remainder of 2009.
Bakers Footwear believes it has adequate liquidity to fund anticipated working capital requirements and expects to be in compliance with its financial covenants throughout the remainder of 2009.
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