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

Pic: Shutterstock

Textiles | On 8th Aug 2020

Pandemic causes trade decline, dips commodity prices: IMF

Current account surpluses and deficits narrowed modestly in 2019, and ...

Pic: Shutterstock

Textiles | On 8th Aug 2020

Pak ministry working to get textile policy cleared by ECC

Pakistan's commerce ministry is busy trying to get the Textile Policy ...

Pic: Hermès International

Fashion | On 8th Aug 2020

Hermes Int H1 FY20: revenues €2,488 mn; net profit €335 mn

Hermes International SA, a French high fashion luxury goods...

Interviews View All

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Amrit Sethia, SOIE

Amrit Sethia
SOIE

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

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Verena Ruckh,

Verena Ruckh

Brückner Trockentechnik develops, manufactures and supplies textile...

Dr. Vijaya Kumar,

Dr. Vijaya Kumar

Dr MM Kariappa founded the Vogue Institute of Art & Design in 1996....

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

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


July 2020

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


Advanced Search