AnnTaylor Stores (ANN) Reports December Same-Store Sales Decline, Guides Lower for FY Earnings
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AnnTaylor Stores Corporation (NYSE: ANN) announced that net sales for the five-week period ended December 30, 2006 increased 2.4% to $274.2 million, compared with net sales of $267.7 million for the five-week period ended December 31, 2005.
Comparable store sales for December 2006 declined 5.3% compared to a comparable store sales increase of 1.5% for the same five-week period last year.
The Company indicated that, as a result of the December softness, it now expects full year EPS for fiscal 2006 to be somewhat below its previous guidance range of $2.07 to $2.12. (Current consensus is $2.10)
Comparable store sales for December 2006 declined 5.3% compared to a comparable store sales increase of 1.5% for the same five-week period last year.
The Company indicated that, as a result of the December softness, it now expects full year EPS for fiscal 2006 to be somewhat below its previous guidance range of $2.07 to $2.12. (Current consensus is $2.10)
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