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ANN INC. Message Board

  • bluecheese4u bluecheese4u Aug 17, 2012 8:34 AM Flag

    ANN INC. Reports Record 2Q-2012 EPS of $0.63, an Increase of 34% Over 2Q-2011

    ANN INC. Reports Record Second Quarter 2012 EPS of $0.63, an Increase of 34% Over Second Quarter 2011


    —Strong Performance Driven By Increased Sales and Record Gross Margin Rate —


    —Company Delivers Positive Comp Performance in all Channels of the Ann Taylor and LOFT Brands —


    —Operating Income Increases 27% —


    —Company Raises Outlook for Fiscal 2012 —


    NEW YORK, Aug. 17, 2012 /PRNewswire/ -- ANN INC. (NYSE: ANN) today reported results for the fiscal second quarter of 2012, ended July 28, 2012. The Company also provided its outlook for the third quarter and raised its outlook for the full year of fiscal 2012.

    For the fiscal second quarter of 2012, the Company reported earnings per diluted share of $0.63, an increase of 34 percent compared with earnings per diluted share of $0.47 in the second quarter of 2011.

    Kay Krill, President and Chief Executive Officer, commented, "We are extremely pleased with ANN INC.'s record earnings per share of $0.63 this quarter, up 34% over last year. Our outstanding results were driven by a seven percent increase in sales, including a comparable sales increase of five percent, a record gross margin rate of 56 percent and a 27 percent increase in operating income.

    "At the Ann Taylor brand, performance accelerated significantly from the first quarter, reflecting stronger sales and profitability, including positive comps in the Ann Taylor stores channel and continued profitable growth in the e-commerce and factory outlet channels. LOFT also delivered excellent sales and profitability results, including strong margin and continued solid comp growth on top of last year's double-digit increase. Clearly, our performance at both brands demonstrated strong product acceptance driven by the successful delivery of compelling fashion, excellent quality, outstanding value and an engaging shopping experience, in store and online."

    Fiscal 2012 Second Quarter Results

    Total net sales for the second quarter of fiscal 2012 were $594.9 million, compared with net sales of $558.2 million in the second quarter of fiscal 2011. By brand, net sales across all channels of the Ann Taylor brand totaled $233.3 million in the second quarter of 2012, compared with net sales of $217.9 million in the second quarter of 2011. At the LOFT brand, net sales across all channels totaled $361.6 million in the second quarter of 2012, compared with net sales of $340.3 million in the second quarter of 2011.

    Total Company comparable sales for the quarter increased 4.7% versus the second quarter of 2011. At Ann Taylor, total brand comparable sales increased 5.6%, reflecting increases of 3.2% at Ann Taylor stores, 29.0% in the Ann Taylor e-commerce channel and 2.1% in the Ann Taylor Factory channel. At LOFT, total brand comparable sales were up 4.2%, reflecting increases of 4.1% at LOFT stores, 14.6% in the LOFT e-commerce channel and 0.3% in the LOFT Outlet channel. (Please refer to Table 3 for a breakdown of sales by brand and channel.)


    Gross margin, as a
    http://investor.anninc.com/phoenix.zhtml?c=78167&p=irol-newsArticle&ID=1726618&highlight=

 
ANN
35.91+1.15(+3.31%)Feb 27 4:04 PMEST

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