The Wet Seal, Inc. (WTSLA) said its same-store sales for the month of January slid 3.7% and net sales declined 2.5% to $30.9 million.
For the fourth quarter, comparable store sales fell 4.5%, while net sales slipped 2.5% to $151 million. The Street had expected sales of $151.41 million.
For the quarter, the company foresees earnings in the range of $0.08 - $0.09 per share, higher than its prior guidance range of $0.06 - $0.07 per share. Analysts polled by Thomson Reuters expect earnings per share of $0.06. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.