News Flash

Talbots direct marketing sales jump 16% in July

06 Aug '05

3 min read

"July's strong performance contributed to a healthy second quarter comp gain of 6.7 percent and a 16 percent increase in their direct marketing business, which includes catalog and Internet."

As a result, they are raising their outlook for second quarter earnings per diluted share to a range of $0.33 to $0.34. This compares to their previously announced range of $0.32 and last year's $0.28 earned on an operating basis.

"On a reported basis, last year's second quarter earnings per diluted share were $0.34 and included a $0.06 tax benefit," Mr. Zetcher continued.

"As usual, by Labor Day they will complete their semi-annual sale event and transfer all residual markdown merchandise to their outlets. They are looking forward to having the full presentation of their fall assortments in stores, catalog and Internet in early September."

"In closing, they will be announcing their second quarter results on Wednesday, August 17th, at which time they will provide additional information regarding their outlook for third and fourth quarter sales and earnings," Mr. Zetcher concluded.

The first name in classic clothing, Talbots is a leading national specialty retailer and cataloger of women's, children's and men's classic apparel, shoes and accessories.

The Company engages in to 1,062 stores - 522 Talbots Misses stores, including 20 Talbots Misses stores in Canada and four Talbots Misses stores in the United Kingdom; 290 Talbots Petites stores, including four Talbots Petites stores in Canada; 41 Talbots Accessories & Shoes stores; 71 Talbots Kids stores; 101 Talbots Woman stores, including three Talbots Woman stores in Canada; 12 Talbots Mens stores; one Talbots Collection store; and 24 Talbots Outlet stores. The Company expects to circulate approximately 48 million catalogs worldwide in fiscal 2005.

The Talbots Inc

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