Ann Taylor (ANN) Swings to Q1 Loss; Comps Fell 30.7%

Ann Taylor Stores Corporation (NYSE: ANN) reports Q1 non-GAAP loss of $0.04, 9 cents better than the analyst estimate of ($0.13), but down from last year's profit of $0.47. Revenue for the quarter was $426.7 million, versus the consensus of $454.66 million.

Same store sales were down 30.7% during the quarter.

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