Results exceed expectations at The Wet Seal
02/04/2007
California-based specialty retailer The Wet Seal, Inc. has posted positive results for its fourth quarter and full year ended February 3.
Net sales for the 14 weeks were $166.4 million, compared with $141.4 million for the 13 weeks ended January 28, 2006. Net loss for the fourth quarter was $5.7 million and operating income for the quarter totalled $4.8 million.
Net sales for the 53 weeks were $564.3 million compared with $500.8 million for the 52 weeks ended January 28, 2006. For the year, the company reported a net loss of $12.8 million and operating income of $15 million.
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