rue21 Profits Rise (RUE)
rue21 released their earnings report after the closing bell today. The specialty retailer reported net Q4 income of $7.72 million or $0.32 per share compared to $4.60 million or $0.20 per share in the year ago period. Adjusted EPS, which excludes non-recurring items, came in at $0.36. Wall Street consensus estimates were pegged at $0.30 per share.
Net sales were up 30.5% to $155.4 million from $119.11 million in last year's fourth quarter. Comparable-store sales grew 8.6%. For fiscal 2010, the company expects to earn between $1.08 and $1.13 per share. Current estimates are that 2010 EPS will be $1.04, so this was positive guidance from RUE.
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