TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

rue21 profit falls 6.5% to $8.17 million

Daily Photo Galleries

Wednesday, Nov. 28, 2012, 5:12 p.m.
 

Teen clothing retailer rue21 Inc. said its third-quarter profit fell by 6.5 percent to $8.17 million, or 33 cents a share, although sales grew 15.6 percent due to new store growth and better results from existing stores.

Warrendale-based rue21 said its latest profit compares to $8.74 million, or 35 cents, in net earnings a year ago. Sales totaled $225.16 million, up from $194.76 million.

The company said it had a $2.9 million pretax litigation expense, or about 8 cents a share, in the third quarter related to a prospective settlement of wage and hours claims in California.

The 879-store chain raised earnings guidance to $1.83 to $1.86 a share for the year, up from $1.55 in fiscal 2011.

Kim Leonard is a staff writer for Trib Total Media. She can be reached at 412-380-5606 or kleonard@tribweb.com.

 

 
 


Show commenting policy

Most-Read Stories

  1. Steelers opt for youth, speed while revamping roster
  2. Steelers finalize 53-man roster
  3. Starkey: Pitt does its duty
  4. Carnegie Mellon grad’s tweak to tweets turns 7
  5. VND roundup: Kiski Area wins boys soccer opener
  6. Timing of summer’s end a matter of perspective for Western Pennsylvanians
  7. White House threat sparks call for wider immigration debate
  8. Pilot in Atlantic Ocean crash lost consciousness, Coast Guard says
  9. Pirates’ Polanco runs into rookie wall
  10. Chemical mix sickens two from South Greensburg
  11. High school roundup: Seton-La Salle captures Century Conference win
Subscribe today! Click here for our subscription offers.