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 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.