ANN Inc. (ANN) reported that net income for the first quarter of fiscal 2013 declined to $20.9 million, or $0.44 per share, from $28.7 million, or $0.58 per share in the first quarter of 2012. Analysts polled by Thomson Reuters expected the company to report earnings of $0.42 per share for the quarter. Analysts' estimates typically exclude special items.
Total net sales for the first quarter were $574.5 million, up from $560.4 million in the first quarter of fiscal 2012. Fourteen analysts had consensus revenue estimate of $580.54million for the quarter. Total Company comparable sales for the quarter decreased 0.5% versus the first quarter of 2012.
For the fiscal second quarter of 2013, the company expects total net sales to be $640 million, reflecting a total company comparable sales increase in the mid-single digits. Fourteen analysts have consensus revenue estimate of $637.44 million for the second-quarter.
The company currently expects fiscal 2013 total net sales to be $2.54 billion, reflecting a total Company comparable sales increase in the mid-single digits. Previously, the company had expected total net sales for fiscal 2013 to be $2.565 billion, reflecting a total comparable sales increase in the mid-single digits. Analysts expect the company to report revenues of $2.52 billion for fiscal 2013.
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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.