said its fourth-quarter loss narrowed, as company incurred lesser restructuring charges in comparison with previous year.
The company lost $5.6 million, or 8 cents a share, in the quarter, compared with a loss of $26.5 million, or 39 cents a share, a year ago. Excluding the effect of a change in accounting principle, loss was 2 cents a share. Analysts surveyed by Thomson Financial were expecting the company to post a loss of 2 cents a share.
Earnings in the quarter also included a pretax restructuring charge of $1.9 million, or 2 cents a share.
Fourth-quarter revenue rose marginally from a year ago to $611.3 million. Analysts were expecting revenue of $608.7 million. Same-store sales increased 2.3% in the quarter.
The company estimates February sales at $179 million, compared with year-ago sales from continuing operations of $182.5 million. Same-store sales during the month were down 1.7%.
For fiscal 2006, the company expects to post low single-digit positive same-store sales on a consistent basis.
"We are pleased with our fiscal 2005 results," the company said. "Our strategy will include additional improvements to our product; the development of a comprehensive brand portfolio; and an integrated marketing plan that delivers an inspiring, clear and consistent message at all customer touch points, supported by a compelling in-store experience."
This story was created through a joint venture between TheStreet.com and IRIS.