AnnTaylor Stores Corp. (ANN) reported that its fourth-quarter net income was $41 thousand or breakeven per share, compared to a loss of $375.61 million or $6.66 per share in the same quarter last year.
For the fourth quarter of 2009, the Company reported earnings per share of $0.05, excluding after-tax restructuring charges of $0.05 per share, compared to a net loss per share of $1.03 in the fourth quarter of 2008, excluding after-tax restructuring, goodwill and asset impairment charges totaling $5.63 per share.
Net sales were $469.1 million, down from $483.4 million in the fourth quarter of fiscal 2008. Comparable store sales for the quarter were essentially flat, at negative 0.6% versus the prior year. At Ann Taylor, comparable store sales declined 7.3% while at LOFT, comparable stores sales increased 2.1%.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share on revenues of $472.25 million for the quarter. Analysts' estimates typically exclude special items.
For the fiscal first quarter of 2010, the company expects total net sales to be approximately $445 million. Analysts expect the company to report revenues of $443.72 million for the first-quarter.
The Company currently expects fiscal 2010 total net sales to improve over the levels achieved in 2009. Analysts expect the company to report revenues of $1.84 billion for fiscal 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.