Le Château second quarter sales rise 22%
Canadian specialty retailer of fashion apparel, accessories and footwear, Le Château Inc., has reported a sales increase of 22.1% to $69,007,000 for the second quarter ended July 30, 2005, compared with sales of $56,528,000 for the second quarter ended July 31, 2004. Comparable store sales increased by 16.3% in the second quarter of 2005 compared with the same period a year ago.
Net earnings for the second quarter increased 65% to $6,240,000 from $3,780,000 last year.
For the first six months sales rose 20.9% to $129,608,000 compared with $107,205,000 last year. Net earnings for the six-month period increased 82% to $10,878,000 from $5,968,000 the previous year. Comparable store sales increased 16.6%.
The Le Château brand merchandise is sold exclusively through its 183 retail locations.