Deb Shops, Inc. Raises Fiscal 2006 Earnings Guidance Range to $1.68 to $1.73 Per Diluted Share
January 11 2006 - 7:35AM
PR Newswire (US)
PHILADELPHIA, Jan. 11 /PRNewswire-FirstCall/ -- Deb Shops, Inc.
(NASDAQ:DEBS) a leading teen apparel retailer, today issued updated
Fiscal 2006 earnings guidance. Based on management's current
outlook, Deb Shops raised fiscal 2006 diluted earnings per share
guidance to a range of $1.68 to $1.73, compared to its previous
outlook of $1.65 to $1.70. This range is based on projected
mid-single digit comparable store sales increases and on operating
an average of 329 stores for the Company's fiscal fourth quarter,
which ends on January 31, 2006. Deb Shops, Inc. is a national
specialty retailer of fashionable apparel, shoes and accessories
for juniors in both regular and plus sizes. The Company operates
328 specialty apparel stores in 41 states under the DEB and Tops 'N
Bottoms names. The Company has made in this release, and from time
to time may otherwise make, "forward-looking statements" (as that
term is defined under federal securities laws) concerning the
Company's future operations, performance, profitability, revenues,
expenses, earnings and financial condition. This release includes,
in particular, forward-looking statements regarding expectations of
future performance, store openings and closings and other matters.
Such forward-looking statements are subject to various risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors. Such factors may
include, but are not limited to, the Company's ability to improve
or maintain sales and margins, respond to changes in fashion, find
suitable retail locations and attract and retain key management
personnel. Such factors may also include other risks and
uncertainties detailed in the Company's filings with the Securities
and Exchange Commission, including the Company's Annual Report on
Form 10-K/A for the fiscal year ended January 31, 2005. The Company
assumes no obligation to update or revise its forward-looking
statements even if experience or future changes make it clear that
any projected results expressed or implied therein will not be
realized. DATASOURCE: Deb Shops, Inc. CONTACT: Barry Susson, Chief
Financial Officer, +1-215-676-6000, ext. 362 of Deb Shops, Inc.;
Brendon Frey, +1-203-682-8216 of Integrated Corporate Relations Web
site: http://www.debshops.com/
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