Ann Taylor Parent Company Ann Released First Quarter Earnings

< p > American women's clothing brand Ann Taylor parent Ann Inc. (NYSE:ANN) released first quarter earnings. As of the first quarter of May 3, 2014, Ann Inc. net profit was recorded at US $5 million 183 thousand, or earnings per share of US $0.11, leaving us $17 million 300 thousand, plus 0.22 US dollars per share restructuring fee. After adjusting for a quarter, EPS was US $0.33, which exceeded US $0.31 expected by analysts. However, the income was only $590 million 600 thousand, up 2.8% from the 574 million 500 thousand US dollars in the same period last year, lower than analysts' expected US $598 million.

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< p > the first quarter Ann Inc. same store sales fell by 1.8%. Chief executive Kay Krill said it was mainly affected by the overall retail environment and traffic volume. Regardless of her, she said that with the seasonal weather changes, 4 and May resumed, resulting in the first quarter as expected.

He expressed confidence that EPS rose Kay Krill for the third consecutive year in the financial year.

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According to the brand, Ann Taylor's income in the first quarter was basically flat, from 219 million 300 thousand US dollars in the same period last year to 219 million 900 thousand US dollars, and the same store sales fell by 2.3%, of which the sales of the same store and e-commerce were basically flat, while Ann Taylor Factory had a 7.1% decline; LOFT brand increased 4.3%, from 355 million 200 thousand US dollars in the same period last year to 370 million 600 thousand US dollars, while same store sales fell by 1.6%, of which the sales of full price shops and e-commerce were down 1.8%, LOFT Outlet fell 0.2%.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > the first quarter, < /a > Ann Inc. gross profit was recorded at 315 million 200 thousand US dollars, down 1.7% from 320 million 600 thousand US dollars in the same period last year, gross margin decreased by 240 basis points to 53.4%. The higher gross margin of Ann Taylor partially offset the decline of LOFT brand and factory shop channel < a > gross margin.

In the first quarter, operating profits plummeted 72.8% to 9 million 217 thousand dollars, excluding the restructuring cost of the above 17 million 300 thousand dollars, a 21.8% decline compared with 33 million 912 thousand dollars in the same period last year.

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< p > in the first quarter, Ann Inc. increased by 3% per square foot, of which Ann Taylor increased by 15%, while LOFT decreased by 6%, but there was an increase of 8% in factory channels.

In the first quarter, the group added 13 new stores, including 3 Ann Taylor Factory, 7 LOFT shops and 3 LOFT Outlet shops, while closing 6 stores, including 4 Ann Taylor stores and 2 LOFT stores, bringing the total number of stores to 1032, including 264 Ann Taylor, 111 111 LOFT, 544 544 and 544 Ann.

< p > Ann Inc. expects us $670 million in the two quarter, a sales increase of 0%-5% in the same store, and a gross margin of 53.5%. We expect us $2 billion 610 million in revenue in the 2014 fiscal year, the same store href= //www.sjfzxm.com/news/index_c.asp, the sales increase is less than /a > 0%-5%, and the gross profit margin is 53.2%.

The above expectations are in line with Wall Street analysts' average expectations.

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< p > Ann Inc. before the concussion, there was a drop of nearly 1%, followed by a rebound, the highest increase of more than 4%, the deadline for publication increased by 2.52% to 38.29 dollars.

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