Glancy binkow & goldberg llp announces investigation of body central corporation

Los angeles--(business wire)--glancy binkow & goldberg llp announces that it is investigating potential claims on behalf of purchasers of the common stock of body central corporation (“body central” or the “company”) (nasdaq:body) concerning possible violations of federal securities laws. the investigation focuses on allegations that certain statements issued by body central between november 10, 2011 and june 18, 2012 were false and misleading concerning the company’s financial performance and prospects. body central operates as a specialty retailer of young women’s apparel and accessories in the south, mid-atlantic and midwest united states. the company operates specialty apparel stores under the body central and body shop banners. the investigation concerns the company’s june 18, 2012 announcement of “revised sales and earnings guidance for its second quarter and full year 2012.” according to a company-issued press release, the revision was a result of “recent sales trends,” which the company expects “will continue into the third quarter with some impact to gross margin.” the company further stated that for the second quarter of fiscal 2012 it now expects net revenues in the range of $77 million to $79 million, comparable sales to decrease in a range of 7 to 9 percent, and diluted earnings per share in the range of $0.19 to $0.21. for the full fiscal year, the company now expects net revenues in the range of $323 million to $328 million, and comparable sales to decrease in a range of 4 to 6 percent. if you purchased body central common stock between november 10, 2011 and june 18, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact michael goldberg, esquire, of glancy binkow & goldberg llp, 1925 century park east, suite 2100, los angeles, california 90067, by telephone at (310) 201-9150, toll free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
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