ANN FY13 EPS rises marginally

14 Mar '14

2 min read

ANN INC. reported results for the fiscal fourth quarter and full year of 2013, ended February 1, 2014. The Company also provided its outlook for the first quarter and full year of fiscal 2014. For the fiscal fourth quarter of 2013, the Company reported earnings per diluted share of $0.10, compared with earnings per diluted share of $0.05 in the fourth quarter of 2012.

For the full year of fiscal 2013, the Company reported record earnings per diluted share of $2.19, compared with earnings per diluted share of $2.10 in the full year of fiscal 2012.

Kay Krill, President and Chief Executive Officer, commented, "Fiscal 2013 was another successful year for ANN INC., driven by the strength of both of our brands as well as the benefits of our strategic growth initiatives. We delivered record earnings per share for the second consecutive year. And, for the fourth consecutive year, comparable sales were positive at both Ann Taylor and LOFT.

"For the fourth quarter, net sales, comparable sales and gross margin rate all showed improvement from the fourth quarter of 2012. However, as previously reported, soft traffic and tepid consumer spending across the industry negatively impacted us, particularly in factory outlet centers and in those regions that were negatively affected by extreme winter weather.

Click here to view full results.

ANN INC

More Ann Taylor News... More Apparel/Garments News - United States Of America...