ANN, Inc. (ANN) Tops Q2 EPS by 11c; Comps Up 2.8%; Guides Q3 Sales

ANN, Inc. (NYSE: ANN) reported Q2 EPS of $0.76, $0.11 better than the analyst estimate of $0.65. Revenue for the quarter came in at $638.2 million versus the consensus estimate of $639.38 million.

Total Company comparable sales for the quarter increased 2.8% versus the second quarter of 2012. At Ann Taylor, total brand comparable sales increased 3.1%, reflecting an increase of 9.3% at Ann Taylor, partially offset by a decline of 7.2% in the Ann Taylor Factory channel. At LOFT, total brand comparable sales were up 2.5%, reflecting an increase of 3.7% at LOFT, partially offset by a decline of 3.2% in the LOFT Outlet channel.

ANN, Inc. sees Q3 2013 revenue of $655 million, versus the consensus of $659.31 million.

ANN, Inc. sees FY2013 revenue of $2.515 billion, versus the consensus of $2.53 billion.

For earnings history and earnings-related data on ANN, Inc. (ANN) click here.

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