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Reuters reported Gadzooks said today it expects to match or beat Wall Street's fiscal fourth-quarter earnings estimates as it posted a 0.3 percent increase in December same-store sales.

The company said extreme weather conditions in most of its major markets led to several store closings throughout the month, but a strong product mix helped merchandise margins increase by more than 200 basis points.

As a result, Gadzooks said it expects to meet or exceed analysts' consensus earnings estimates of 64 cents per share for the fourth quarter ending this month.

To see the entire story click on the news link at the top of the page.

Best wishes,

Spirit
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