Interviews
News Flash
Talbots comparable store sales trends improves in Oct
28 Nov '07
3 min read
The Talbots Inc announced a net loss of $9.4 million or ($0.18) per share for the third quarter ended November 3, 2007, which includes acquisition related and financing costs of approximately $0.08 per share and approximately $0.06 of expense related to executive compensation and professional consulting fees.
This result compares to a net income of $8.1 million or $0.15 per share for the same period last year, which included acquisition related and financing costs of approximately $0.16 per share.
Total consolidated Company sales for the thirteen-week period were $556 million. By brand, retail store sales were $366 million for Talbots compared to $383 million last year, and were $81 million for J. Jill compared to $77 million last year. Consolidated direct marketing sales, including catalog and Internet, for the thirteen-week period were $109 million, essentially even with last year.
Total Company comparable store sales declined 7.9% for the third quarter, which included greatly improved comparable store sales trends in the month of October for both brands, as compared to August/September. By brand, comparable store sales for Talbots decreased 8.2% and declined 6.5% for the J. Jill brand.
Trudy F. Sullivan, Talbots Inc President and Chief Executive Officer, commented, "Although our third quarter results were better than previously anticipated, we are still disappointed in this performance. The improvement to our earlier guidance was drivenby a combination of tight expense management at both brands and better than expected sales and gross margin for our J. Jill brand."
This result compares to a net income of $8.1 million or $0.15 per share for the same period last year, which included acquisition related and financing costs of approximately $0.16 per share.
Total consolidated Company sales for the thirteen-week period were $556 million. By brand, retail store sales were $366 million for Talbots compared to $383 million last year, and were $81 million for J. Jill compared to $77 million last year. Consolidated direct marketing sales, including catalog and Internet, for the thirteen-week period were $109 million, essentially even with last year.
Total Company comparable store sales declined 7.9% for the third quarter, which included greatly improved comparable store sales trends in the month of October for both brands, as compared to August/September. By brand, comparable store sales for Talbots decreased 8.2% and declined 6.5% for the J. Jill brand.
Trudy F. Sullivan, Talbots Inc President and Chief Executive Officer, commented, "Although our third quarter results were better than previously anticipated, we are still disappointed in this performance. The improvement to our earlier guidance was drivenby a combination of tight expense management at both brands and better than expected sales and gross margin for our J. Jill brand."
Popular News
Leave your Comments
Therese Premler-Andersson
Textile Machinery Association of Sweden (TMAS)
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
