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AnnTaylor Stores posts

Dressed for Success: A Trio of Apparel Retailers

Posted Apr 26th 2010 11:30AM by Steven Halpern (RSS feed)
Filed under: Newsletters, Stocks to Buy

"Why are we seeing strength in select retailers such as AnnTaylor (ANN), Philip-Van Heusen (PVH) and Talbots (TLB)? asks Mike Cintolo.

The editor of Cabot Top Ten Report explains, "The world of retail is a harsh and unforgiving one, especially when the U.S. and global economies are still technically in a recession. But investors are always looking ahead, and right now they like what they see.

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AnnTaylor (ANN) falls into the red on disappointing earnings results

Posted Mar 14th 2008 11:42AM by Eliza Popescu (RSS feed)
Filed under: Earnings Reports, Forecasts, Bad News, Products and Services, Consumer Experience

Shares of women's apparel retailer AnnTaylor Stores Corp. (NYSE: ANN) have been taking a hit today following this morning's earnings release. Citing restructuring expenses and lower sales, AnnTaylor posted a loss of $6.7 million for its fourth-quarter.

For the quarter, the retailer said it swung to a loss of 11 cents per share, compared with a profit of 31 cents in the same period a year ago. Included in the company's earnings figures were 30 cents charge related to its restructuring program. Excluding that, AnnTaylor's earnings numbers would have come at 19 cents a share. Analyst, on average, expected the company to show quarterly earnings of 20 cents per share.

The women's apparel retailer also reported a quarterly revenue decline of 2% to $600.8 million, compared with $610.5 million in the previous year, which included an extra week. The company missed analysts' predictions for a higher revenue of $609 million, according to Thomson Financial.

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