ANN, Inc. (ANN) Tops Q1 EPS by 2c; Guides In-Line
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Price: $44.89 --0%
Financial Fact:
Income before income taxes: 23.23M
Today's EPS Names:
DGICA, UXIN, TOWN, More
Financial Fact:
Income before income taxes: 23.23M
Today's EPS Names:
DGICA, UXIN, TOWN, More
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ANN, Inc. (NYSE: ANN) reported Q1 EPS of $0.44, $0.02 better than the analyst estimate of $0.42. Revenue for the quarter came in at $574.5 million versus the consensus estimate of $581.99 million.
Total Company comparable sales for the quarter decreased 0.5% versus the first quarter of 2012. At Ann Taylor, total brand comparable sales increased 1.9%, reflecting an increase of 6.2% at Ann Taylor, partially offset by a decrease of 5.8% in the Ann Taylor Factory channel. At LOFT, total brand comparable sales decreased 1.9%, reflecting decreases of 0.9% at LOFT and 7.9% at LOFT Outlet.
ANN, Inc. sees Q2 2013 revenue of $640 million, versus the consensus of $637.44 million. Gross margin rate performance is expected to be 55.0%. Selling, general and administrative expenses are estimated to approach $300 million.
ANN, Inc. sees FY2013 revenue of $2.54 billion, versus the consensus of $2.52 billion. Gross margin rate performance is expected to be 54.5%. Total SG&A expenses in fiscal 2013 are expected to be $1.21 billion.
For earnings history and earnings-related data on ANN, Inc. (ANN) click here.
Total Company comparable sales for the quarter decreased 0.5% versus the first quarter of 2012. At Ann Taylor, total brand comparable sales increased 1.9%, reflecting an increase of 6.2% at Ann Taylor, partially offset by a decrease of 5.8% in the Ann Taylor Factory channel. At LOFT, total brand comparable sales decreased 1.9%, reflecting decreases of 0.9% at LOFT and 7.9% at LOFT Outlet.
ANN, Inc. sees Q2 2013 revenue of $640 million, versus the consensus of $637.44 million. Gross margin rate performance is expected to be 55.0%. Selling, general and administrative expenses are estimated to approach $300 million.
ANN, Inc. sees FY2013 revenue of $2.54 billion, versus the consensus of $2.52 billion. Gross margin rate performance is expected to be 54.5%. Total SG&A expenses in fiscal 2013 are expected to be $1.21 billion.
For earnings history and earnings-related data on ANN, Inc. (ANN) click here.
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