ANN Inc. (ANN) reported that net income for the second-quarter of 2012 was $30.7 million, an increase of 24% versus the $24.8 million in the second quarter of 2011. Earnings per share was $0.63, an increase of 34% compared to the $0.47 per share reported in the second quarter of 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share for the quarter. Analysts' estimates typically exclude special items.
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.Twelve analysts had consensus revenue estimate of $585.61 million for the quarter. Total company comparable sales for the quarter increased 4.7% versus the second quarter of 2011.
For the fiscal third quarter of 2012, the company expects total net sales to be $600 million, reflecting a total Company comparable sales increase in the mid-single digits. Twelve analysts have consensus revenue estimate of $605.69 million for the third-quarter.
Total net sales for fiscal 2012 are now expected to approach $2.385 billion, reflecting a total company comparable sales increase in the mid-single digits. Earlier, the company expected total net sales for fiscal 2012 to be $2.375 billion, reflecting a total company comparable sales increase in the mid-single digits. Fourteen analysts have consensus revenue estimate of $2.37 billion for fiscal 2012.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.