rue21 Raises FY 2012 EPS Guidance

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For fiscal 2012, rue21, inc. (Nasdaq: RUE) is raising its prior guidance based on first quarter results and expects diluted earnings per share to be in the range of $1.76 to $1.81 versus its previous guidance of $1.74 to $1.79, and as compared to $1.55 in fiscal 2011. This incorporates 25.4 million average diluted shares expected for fiscal 2012 as compared to 25.1 million average diluted shares in fiscal 2011. For the second quarter of fiscal 2012, the Company currently expects low single digit comparable store sales. Diluted earnings per share for the second quarter are expected to be in the range of $0.32 to $0.34.

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