Reuters
May 4, 2012
Body Central outlook disappoints, shares plunge
Reuters
May 4, 2012
Body Central Corp forecast second-quarter results below analysts' estimates as it expects a sharp drop in same store sales, sending the apparel maker's shares down 32 percent.
Photo: Body Central |
"We continue to see softness in overall store sales trends through April," Chief Executive Allen Weinstein said.
The company expects second-quarter comparable store sales to fall 5 percent to 7 percent, compared with a 15 percent rise in the year-ago period.
The company said it expects to earn 26 to 28 cents per share, on revenue of $80 million to $82 million in the second quarter.
Analysts were expecting earnings of 36 cents a share on revenue of $86.6 million, according to Thomson Reuters I/B/E/S.
The company posted first-quarter results that met Wall Street view of 36 cents per share. Revenue was $82.7 million, slightly above analysts' average expectation of $82.1 million.
The company's shares were down $8.72 in after-market trade. They had closed at $28.92 on Thursday on the Nasdaq.
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