AnnTaylor Stores (ANN) Reports Decrease in June Same-Store Sales, Guides In-line for FY
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Price: $44.89 --0%
Financial Fact:
Basic earnings per share: 0.3
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Basic earnings per share: 0.3
Today's EPS Names:
BTTX, VAXX, ELYS, More
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AnnTaylor Stores Corporation (NYSE: ANN) announced its sales results for the month of June 2007. For the five-week period ended July 7, 2007, net sales decreased 1.4% to $232.4 million, compared with net sales of $235.7 million for the five-week period ended July 1, 2006.
Comparable store sales for the June 2007 period decreased 8.4%, versus a comparable store sales gain of 12.5% in the June 2006 period.
Commenting on the Company's sales results, Ann Taylor President & Chief Executive Officer Kay Krill stated, "Our results in June reflected another month of slow traffic, as well as continued softness at LOFT, although client acceptance of new LOFT deliveries has improved...Nevertheless, despite some softness in June and ongoing concerns regarding the macro environment, our focus on aggressively managing our inventory, reducing our cost structure and repurchasing our shares-along with our ongoing belief that our product at LOFT will be brand-appropriate in the Fall-gives us confidence in achieving EPS in the range of $2.15 to $2.25 for the year." (Consensus is $2.18)
Comparable store sales for the June 2007 period decreased 8.4%, versus a comparable store sales gain of 12.5% in the June 2006 period.
Commenting on the Company's sales results, Ann Taylor President & Chief Executive Officer Kay Krill stated, "Our results in June reflected another month of slow traffic, as well as continued softness at LOFT, although client acceptance of new LOFT deliveries has improved...Nevertheless, despite some softness in June and ongoing concerns regarding the macro environment, our focus on aggressively managing our inventory, reducing our cost structure and repurchasing our shares-along with our ongoing belief that our product at LOFT will be brand-appropriate in the Fall-gives us confidence in achieving EPS in the range of $2.15 to $2.25 for the year." (Consensus is $2.18)
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