The Talbots (TLB) Reports Q2 Loss of $0.39; Comps Down 12%; Guides
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The Talbots, Inc. (NYSE: TLB) reports a Q2 non-GAAP loss of $0.39, 5 cents lower than the analyst estimate of ($0.34). Revenues for the quarter were $528 million, versus the consensus of $532 million.
Consolidated same store sales for the quarter came in at down 12%.
Total close down costs of its non-core assets are expected to be a loss of $0.27-$0.32, compared to Talbot's previous estimates of $0.59-$0.64.
The Talbots, Inc., together with its subsidiaries, operates as a specialty retailer and direct marketer of men and women's apparel, shoes, and accessories in the United States, Canada, and the United Kingdom.
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