87 206
Fashion Jobs
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · CLERMONT
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · DACULA
KOHLS
Technical Project Manager, Remote
Permanent · MENOMONEE FALLS
NAVY EXCHANGE
Vending Operations Clerk PT
Permanent · FALLON
NAVY EXCHANGE
Director, Facility Design %26 Construction
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
Buyer (Level i And Level II) - Various Categories
Permanent · VIRGINIA BEACH
SPECIALIZED
Brand Development Manager - Michigan
Permanent · LANSING
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
By
Reuters
Published
Mar 26, 2010
Download
Download the article
Print
Text size

Wet Seal fourth quarter profit tops Street; shares rise

By
Reuters
Published
Mar 26, 2010

Wet Seal Inc (WTSLA.O) posted a higher-than-expected adjusted fourth-quarter profit, helped by strong same-store sales at its Arden B division, and forecast first-quarter sales above market expectations.


Wet Seal womenswear - Photo: www.wetseal.com

The specialty retailer, which runs the Arden B chain in addition to its namesake stores, earned $80.8 million, or 79 cents a share, compared with $4.3 million, or 4 cents a share, a year ago.

The net income includes a non-cash tax benefit to of $71.3 million.

Excluding items, it earned 10 cents a share.

Revenue fell 2 percent to $151.0 million.

Analysts on average were looking for a profit of 8 cents a share, before items, on revenue of $151.9 million, according to Thomson Reuters I/B/E/S.

The Foothill Ranch, California-based company forecast a first-quarter profit of between 4 cents and 5 cents a share on revenue of between $138 million and $140 million.

Wet Seal, which sells apparel and accessory items, primarily for female customers aged 13 to 35 years, forecast a same-store sales growth of between 2 and 4 percent for the first quarter.

Shares of the retailer were trading up 7 percent at $4.99 in post-market trade. They closed at $4.68 Thursday 25 March on Nasdaq.

(Reporting by Vidya Lakshmi in Bangalore; Editing by Maju Samuel)

© Thomson Reuters 2024 All rights reserved.