NEW YORK — Maternity specialty retailer Mothers Work Inc. on Tuesday reported expansion of both sales and profits as it raised its earnings estimate for the current year.
The Philadelphia-based maternity retailer and operator of Motherhood Maternity, A Pea in the Pod and Mimi Maternity said profits for the first quarter ended Dec. 31 jumped 42.5 percent to $3.6 million, or 63 cents a diluted share, from $2.5 million, or 46 cents a share, a year earlier. The earnings per share number was 6 cents above analysts’ forecasts. Sales for the quarter rose 10.5 percent to $126.3 over year-ago sales of $114.4 million. On a comparable-store sales basis, sales rose 5.1 percent.
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