But analysts were wary about any signs of a longer-term recovery.

Sterne, Agee & Leach analyst Sam Poser said there was "still no inflection point on sales." He maintained a "Neutral" rating on the shares.

CL King analyst Scott Krasik said that while there were bright spots, "overall sales and margins will remain depressed due to declining wholesale market share, negative same-store sales comparisons and very low levels of productivity in its full-priced retail chain." Same-store sales, or sales at stores open at least a year, are an important retail performance indicator because they measure growth at existing stores rather than newly opened ones.

Krasik also kept a "Neutral" rating on the stock.