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Too Inc. Sees Better Q4

NEW ALBANY, NY-Executives cite strong holiday sales leading the quarterly improvement.

By Ian Ritter | Updated on January 06, 2005

NEW ALBANY, OH-Girls apparel retailer Too Inc. will post a Q4 same-store sales jump in 2004 of 3% to 4% from the previous year, say company officials. Same-store sales in Q4 2003 declined by 6% from the same period in 2002.

The company, which operates 575 Limited Too stores in the US and Puerto Rico, also projects a net income per diluted share for the quarter of $0.63 compared to $0.51 last year’s Q4. Too Inc. plans to release its quarterly earnings on Feb. 16.

Company officials attribute the improvement to better holiday sales and less promotional markdowns. “Within our strong holiday sales results is the terrific performance by Limited Too’s early spring apparel in stores in the warmer climates,” said Mike Rayden, Chairman, President and CEO of Too, Inc. The retailer’s spring line will roll out on Jan. 24.

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