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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