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FONTE: just-style.com
Footwear retailer Footstar Inc today reported that comparable store sales results for the four-week period ended 25 May decreased 9.6 per cent, and that sales at Meldisco fell 16.1 per cent.
However, comparable store sales for the athletic segment increased 2.1 per cent.
Total sales in May were $178.4 million, the company said, a decrease of 11.7 per cent from the $202.1 million posted in the same period last year. Sales for the Meldisco division declined 17.7 per cent to $107.9 million from $131.1 million, while the company's athletic segment decreased 0.6 per cent to $70.5 million from $71.0 million.
Mickey Robinson, chairman and chief executive officer, commented: "While we are optimistic that we can turn in a solid quarter if the weather turns more seasonable in June, we currently expect diluted earnings for the second quarter to be approximately $0.68 to $0.78 per share, compared with $0.78 per share last year.
"Earnings for the first six months of the year are expected to increase by more than 32 per cent to $0.77 to $0.87 per share, compared with $0.58 per share in the first six months of 2001," Mr Robinson added.
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