The Talbots (TLB) Lowers Q1 EPS Guidance; March Comps Down 3.4%

April 6, 2006 7:35 AM EDT
The Talbots, Inc. (NYSE: TLB) said comparable store sales decreased 3.4% for March. Total Company sales for fiscal March, the five weeks ended April 1, 2006, decreased 3% to $195.4 million.

The company sees Q1 EPS of $0.52-$0.56, versus the consensus of $0.63.

The company company said additional markdowns resulting from the change in their promotional strategy and the sizeable miss in March's catalog sales.

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