Wednesday, Talbots, Inc. (TLB) reported second-quarter GAAP net loss of $24.49 million or $0.45 per share, compared with a loss of $25.01 million or $0.47 per share, a year ago.
Net loss from continuing operations was $20.48 million or $0.38 per share, including restructuring and impairment charges of $2.9 million, or $0.05 per share, compared with last year's net loss of $11.95 million or $0.22 per share, including restructuring and impairment charges of $2.5 million or $0.05 per share.
The company's adjusted net loss from continuing operations excluding restructuring and impairment charges was $17.6 million or $0.33 per share, in comparison with a net loss of $9.4 million or $0.17 per share on a comparable basis in the prior-year quarter.
Talbots also reported second-quarter total sales from continuing operations of $304.64 million, down from $395.21 million in the previous year. Comparable store sales were down 24.9% for the thirteen week period.
On average, analysts polled by Thomson Reuters expected a loss of $0.52 per share for the quarter on sales of $309.34 million. Analysts' estimate typically excludes one-time items.
Looking ahead, the company currently expects to report a loss from continuing operations in the third quarter of approximately $0.24 to $0.30 per share, excluding restructuring and impairment charges. This anticipated result is based on a top-line sales decline estimate in the range of approximately 14% - 17%. Wall Street analysts forecast a loss of $0.31 per share for the third quarter.
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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.