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Mothers Work Ups Guidance

PHILADELPHIA-Across-the-board increases prompt the maternity apparel retailer to raise its full-year guidance.

By Marita Thomas | Updated on July 26, 2006

PHILADELPHIA-With sales and earnings all trending up for third fiscal quarter and for the first nine months, the locally based retailer of maternity apparel raised its full-year 2006 guidance and also forecast continuing gains for 2007. “We ended the quarter clean,” said Rebecca Matthias, president and COO, during a conference call.

“We didn’t have to take mark-downs, because we didn’t have to compete with an irrational market. We believe that the over-supply conditions that plagued the maternity apparel business and punished us during our fiscal 2004 and 2005 have eased. We also had the right fashion, particularly in the spring/summer selling season,” she added.

Third-quarter sales were $163.9 million, up 7.3%, compared with the same quarter a year ago. Comp store sales rose 6.4% in the same comparison.

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