Author: 123jump.com Staff
123jump.com
Last Update: 9:29 AM EDT May 30 2007

The specialty retailing firm reported 3.6% revenue increase to $3.56 billion from $3.44 billion last year, which exceeded analysts’ expectations of $3.48 billion. Excluding the loss associated with the closure of Forth & Towne stores, the company posted a profit of 25 cents a share. Same-store sales fell 4% compared to a 9% decline a year earlier. The company still expects 2007 EPS of 76 cents to 86 cents a share, or 80 cents to 90 cents a share excluding Forth & Towne''s expected loss.