Home / Knowledge / News / Fashion / Talbots brand April comps positive mid-single digits
Talbots brand April comps positive mid-single digits
22
May '08
The Talbots Inc announced results for the thirteen-week period ended May 3, 2008.

On a reported (GAAP) basis, net income for the first quarter was $1.6 million or $0.03 per share, compared to reported net income of $5.2 million or $0.10 per share for the thirteen-week period ended May 5, 2007.

Adjusted Results from Ongoing Core Operations:
First quarter net income from ongoing core operations was $11.0 million or $0.21 per share, excluding a net loss of $5.9 million, or approximately $0.11 per share related to the operations of Talbots Kids, Mens and U.K. non-core businesses, which are closing and excluding approximately $3.5 million ($5.2 million pre-tax), or $0.07 per share in restructuring charges associated with strategic initiatives related to its ongoing core operations. This result compares to last year's $0.14 per share on a comparable basis.

The Company believes that first quarter 2008 results from ongoing core operations are a more meaningful measure of its performance, versus its non-core operations which reflect businesses that are closing. See the attached tables for a reconciliation of GAAP and non-GAAP and comparison to prior year.

First Quarter Highlights:
• Achieved solid first quarter 2008 results from ongoing core operations of $0.21 per share, above last year's $0.14 per share on a comparable basis
• On-track to achieve 2008 financial outlook and deliver shareholder value
• Talbots brand April comps positive mid-single digits


Must ReadView All

Sri Lanka reduces VAT on imported fabric to 5%

Textiles | On 24th Sep 2018

Sri Lanka reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric...

E-com firms in India to deduct 1% TCS under GST from Oct 1

Apparel/Garments | On 24th Sep 2018

E-com firms in India to deduct 1% TCS under GST from Oct 1

E-commerce companies in India will have to deduct 1 per cent tax...

Courtesy: Andritz

Textiles | On 24th Sep 2018

'Strength of economy, demographics drive nonwovens demand'

The strength of the economy and demographic trends are the main...

Interviews View All

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

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

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search