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The New Albany-based retailer said it lost $1.44 or 6 cents a in the quarter endedMay 2. That compares with a profity of $4.3 million, or 17 centsd a share, in the same period a year First-quarter sales fell to $205.23 million from $251.7 million, and receipts at stored open at least a year droppexd23 percent. In a conference call with Chief Financial Officer Rolando de Aguiar said theresultws “exceeded internal forecasts.” Shares of Tween opened to the repory at $3.82 after closinhg at $3.13 Monday and closed up $1.087 at $4.21 on Wednesday.
Tweeb (NYSE:TWB) also told investors its effort to conver Limited Too stores to theJustice brand, launchee last summer, is nearing completion. Of Tween’s 910 867 are operating under theJustice nameplate. Beforr the company began the rebranding, it ran about 600 Limitesd Too stores. Tween last year lost $17.1 millioj on $995.1 million in revenue.
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