ANN INC. (ANN) reported fourth-quarter net income of $2.4 million, or $0.05 per share, compared to $2.2 million, or $0.04 per share last year. Total net sales were $607.7 million, compared to $566.7 million prior year.
Total company comparable sales decreased 0.7%. At Ann Taylor, total brand comparable sales increased 1.4%. At LOFT, total brand comparable sales decreased 2.1%.
On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.01 for the quarter. Analysts' estimates typically exclude speical items. Analysts expected revenue of $617.82 million for the quarter.
The company currently expects fiscal 2013 total net sales to be $2.565 billion, reflecting a total company comparable sales increase in the mid-single digits. For the first-quarter, the company expects total net sales to be $600 million, reflecting a total company comparable sales increase in the low-single digits. Analysts expect the company to report first-quarter sales of $593.31 million, and fiscal 2013 sales of $2.51 billion.
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