Body Central Down 33% Pre-Market After Cutting Guidance

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Body Central Corp (NASDAQ: BODY) is trading lower pre-market after the company lowered its Q2 and full year guidance. The company now sees Q2 EPS of $0.19 to $0.21 vs $0.27 estimates and FY EPS of $1.07 to $1.11 vs $1.35 estimates. Allen Weinstein, Body Central's President and CEO, stated: "Our second quarter comparable sales remain soft and have not improved since April. We continue to diligently manage inventory and to take aggressive markdowns on slow moving items. As a result, we now expect second quarter sales and gross margin to be lower than contemplated in our May 3rd release."Body Central is currently trading at $10.75, down $5.24 or 32.77% pre-market.

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