Ann (ANN) announced that earnings increased by 26 percent during the fiscal third quarter due to better sales at Ann Taylor retail outlets. Earnings were $40.7 million, or 84 cents per share, up from $32.3 million, or 61 cents per share, in the same period last year. Revenue increased by nine percent to $612.5 million from $564 million. Revenue from Ann Taylor locations increased by six percent to $244.6 million, whiled Ann Taylor Loft revenue increased by 10 percent to $368 million during the quarter. Same store sales increased companywide by 5.5 percent. Analysts had forecast a profit of 75 cents per share on $606.1 million in revenue.
Shares are higher by about 7.5 percent.
JoS. A. Bank Clothiers (JOSB) announced that it earned $13.3 million, or 47 cents per share, in the most recent fiscal quarter, versus $15 million, or 54 cents per share, in the same period last year. Revenue increased by 11 percent to $232.9 million.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.