Gordmans Stores (GMAN $22.01) reported first quarter earnings of $0.38
per share, $0.02 better than the Thomson Reuters consensus of $0.36.
Revenues rose 5.2% year/year to $117.7 million versus the $120.5 million
consensus.
For the second quarter, the company expects to see earnings of $0.10 to $0.11
versus the $0.20 Thomson Reuters consensus and sees revenues falling in the
range of $116 million to $117 million versus the $123.37 million Thomson Reuters
consensus.
For its fiscal year 2012, the company lowered earnings guidance to $1.18 to
$1.23 versus the $1.34 Thomson Reuters consensus, down from $1.30 to $1.35. On
the top line, the company expects to sees revenues of $553 million to $557
million versus the $570.51 million Thomson Reuters consensus, down from $563
million to $571 million.
"While our second quarter comparable store sales trend is consistent with that
of the first quarter, it continues to be below our previous expectations.
Although we are implementing a number of merchandising, marketing and inventory
mgmt initiatives to drive comparable store sales growth, we believe it is
prudent to lower our expectations for fiscal 2011 until improved trends begin to
materialize."






