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Tween Brands 3Q Earnings Fall

New Albany, Ohio, Tween Brands Inc. said Monday its third-quarter earnings slipped 32% as higher costs and sluggish Limited Too same-store sales growth offset a rise in revenue.

The company earned $13 million compared with $19 million in the year-ago quarter. Revenue rose 13% to $260.9 million, from $230.5 million in the prior-year period.

Total same-store sales rose 4% for the quarter, driven by a shift in back-to-school dates, but were slightly offset by negative same-store sales at Limited Too stores in September and October, the company said.

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