USA: Wet Seal Sees Lower Q2 Earnings
Specialty apparel retailer The Wet Seal Inc on Thursday it expects second quarter earnings to fall short of its target and sees a fall in July same-store sales because of falling sales in Texas and Florida.
The California-based operator of more than 1,100 stores said it now expects earnings per share 12-14 cents compared to 2001 second quarter earnings of 12 cents a share which reflects adjustments resulting from subsequent stock splits.
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