The company will continue its plan of increasing square footage by 7% to 9% next year, said James Scully, executive vice president and CFO.
"We're looking at the productivity and efficiency of our stores," said Millard Drexler, chairman and CEO. "We don't necessarily want to be bigger faster. We want to be better faster. We're much more interested in taking advantage of our existing assets."
Revenues for the third quarter increased 23% from the previous year to $275.6 million. Comparable-store sales rose 19%. Net income applicable to common stockholders was $26.0 million, compared to a net loss of $(0.3) million, in the third quarter of fiscal 2005.
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