Wet Seal Inc. (WTSLA) said its December total comparable-store sales declined 4.6% compared with a 12.5% decrease last year. Total net sales were down 1.8% to $75.8 million for the five-week period ended January 2, 2010.
Additionally, the company now expects fourth-quarter earnings to be in the range of $0.06 - $0.07 per share, which is within the high end of its prior range of $0.03 - $0.07 per share. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.06 for the quarter. Analysts' estimate typically excludes one-time items.
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