AnnTaylor (ANN) Raises Q4 Outlook

AnnTaylor (NYSE: ANN) raises its Q4 guidance: sees sales approaching $470 million which compares to the Street consensus of $454.6 million. The company had previously guided Q4 sales slightly down from the $462.4 million reported in Q309. Same store sales are expected to be flat from Q409. Gross margin is expected to approach 52%.

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