Casual Male Q2 profit slips

Investor's Business Daily – Sat 18 Aug, 2012 3:56 AM IST

The operator of 450 apparel stores offering plus size clothes and shoes said Q2 EPS fell to 3 cents vs. 14 cents in the same quarter last year, missing analyst views by a penny. Casual Male Retail's (CMRG) sales were about flat at $100.5 mil, below Wall Street views of $102.4 mil, and sales at stores open at least a year rose a scant 2%. It cut '12 profit outlook to 22-25 cents vs. estimates of 30 cents. Shares fell 2.4% to 4.10.

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