Home / Knowledge / News / Apparel/Garments / Ann Taylor reiterates outlook for fiscal 2008
Ann Taylor reiterates outlook for fiscal 2008
23
May '08
AnnTaylor Stores Corporation reported results for the first quarter of fiscal 2008, ended May 3, 2008. Diluted earnings per share, excluding costs associated with the Company's previously-announced restructuring program, totaled $0.47, compared with earnings per diluted share of $0.46 in the first quarter of 2007.

On a GAAP basis, including the aforementioned restructuring costs, which totaled $0.04 per diluted share, earnings per diluted share were $0.43 in the first quarter of 2008. Net sales for the first quarter of 2008 advanced 2% versus year-ago.

Commenting on the results, Ann Taylor President and Chief Executive Officer Kay Krill stated, "We are pleased with our performance in the first quarter, particularly in light of the ongoing macroeconomic softness and uncertainty that is weighing on the retail sector. We are pursuing a two-pronged strategy focused on strengthening our core businesses and improving our cost structure, and this focus is clearly working."

"As we look ahead to the balance of the year, we remain cautious due to the highly volatile nature of the current economic environment, as well as our expectation for a continuation of the erratic traffic trends we are experiencing.

We believe, however, that our ability to successfully manage our cost structure and keep our inventory levels lean in this environment will continue to serve us well in the months ahead, and we are comfortable, as we head into the second quarter, that we will achieve our full-year EPS guidance in the range of $1.80 to $1.90, before restructuring costs," Ms. Krill stated.

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search