rue21, Inc. (NASDAQ:RUE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
rue21, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 25% to $0.65 in the quarter versus EPS of $0.52 in the year-earlier quarter.
Revenue: Rose 22.35% to $269.05 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: rue21, Inc. reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.63. It missed the average revenue estimate of $270.49 million.
Quoting Management: Bob Fisch, rue21′s President and CEO, stated: “Fiscal 2012 was another year of consistent top and bottom line growth for rue21, including record gross margin and double-digit growth in net income. We continue to focus on the qualities that make rue21 appealing to our customers and our financial returns attractive for our shareholders: offering current fashion at every day great value, executing on our strategic square footage growth, and methodically delivering productivity and profitability gains every quarter.”
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