Rue21 Q1 profit climbs 65%
Warrendale, Pa. -- Teen clothing retailer Rue21 posted net income of $9.6 million for the first quarter, compared with $5.8 million. The company boosted its full-year guidance based on its better-than-expected results.
Net sales increased 25.5% to $172.9 million. Same-store sales rose 5.2%.
During the quarter ended April 30, the company opened 39 new stores expanding its total to 677.