Nation's leading clothing e-tailer Talbots Inc announced results for the third quarter ended October 29, 2005. Net income in the third quarter was $20.0 million, compared to the $27.2 million last year. Last year's net income included a $4.5 million tax benefit or $0.08 per share.
Excluding the tax benefit, last year's net income was $22.7 million. Earnings per diluted share were $0.37 this year versus the $0.49 reported last year. Excluding the tax benefit, last year's earnings per share was $0.41 compared to the $0.37 this year.
Talbots is a specialty retailer & cataloger of women's, children's and men's classic apparel, shoes and accessories.
It is engage in to operating 1,071 stores - 528 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; 104 Talbots Woman stores, including three Talbots Woman stores in Canada; 12 Talbots Mens stores; one Talbots Collection store; and 24 Talbots Outlet stores.
Its catalog operation currently expects to circulate approximately 48 million catalogs worldwide in fiscal 2005.