Too's 2004 Net Could Beat

Girls apparel retailer Too Inc. ( TOO) said Tuesday it expects full-year 2004 earnings to be in line with or above the Wall Street consensus estimate.

The company announced at the Banc of America Securites consumer conference in New York that it sees 2004 earnings of 94 cents to $1 a share, compared with the consensus estimate of 99 cents a share.

Too also said it expects same-store sales to be flat to up in the low-single digits, as its positive same-store sales trend has continued since the holiday season.

The company expects to focus on inventory and management control in the year as well. Inventory is expected to be down 5% to 7% on a square foot basis from the prior year. It also plans to have lower merchandise markdowns in the back half of the year.

Shares of Too were lately down 3 cents, or 0.2%, at $19.74.

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