Q1 net income increased 10% to $10,477,000 from$9,491,000 on 10% revenue growth to $315,018,000. GCO management re-affirmedthe company’s guidance for the remainder of the fiscal year that includes 14%top line growth to $1.46 billion for the year, 3-4% comparable store salesexpansion for the remainder of the year, EPS of $2.63 ($61.2 mm).

The men’s casual footwear trend at Journeys to thelower-priced, casual fare like Vans impacted the chain’s profits in Q1, butisn’t likely to recur in Q2 since the banner has less reliance on utility-typefootwear in the summer. Kids’ shoes, which generally have a lower averageselling price (ASP) than adult styles, ... Log in to view full article.