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 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.