Ann Inc news and archive

Ascena Retail buys Ann Inc. for circa 2.16 billion

Ascena Retail Group (ASNA) has acquired Ann Inc. (ANN), owner of the Ann Taylor and Loft brands and retail stores, for about 2.16 billion dollars. The deal is expected to be finalised in the second half of this year and will be financed through bank debt. Ascena announced it will acquire Ann for 47 dollar per share in cash and stock. News of the...

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Ann Inc reports positive comparable sale in Q4

For the fourth quarter of fiscal 2014, Ann Inc reported earnings per diluted share of 0.01 dollar against earnings per diluted share of 0.10 dollar in the fourth quarter of fiscal 2013. For the full year of fiscal 2014, earnings per diluted share were 1.46 dollars on a GAAP basis compared with earnings per diluted share of 2.19 dollars for the...

Business

Ann Inc total net sales decline to 646.8 mn dollars in Q3

REPORT_ For the fiscal third quarter of 2014, Ann Inc reported earnings per diluted share of 0.65 dollars on a GAAP basis, or 0.72 dollars per diluted share excluding the impact of a charge associated with the closure of Ann Taylor's Madison Avenue store of approximately 0.07 dollars per diluted share. This compares with earnings per diluted...

Business

Ann updates Q3 and full year outlook

REPORT_ Ann Inc today updated its outlook for the fiscal third quarter and full year 2014, and provided its outlook for the fiscal fourth quarter of 2014. Based on preliminary results, the update to the third quarter 2014 outlook provided on August 22, 2014 reflects lower-than-anticipated sales and gross margin rate performance. Total company...

Design

Ann Inc reports 2.3 percent decline in Q2 comparable sales

REPORT_ For the fiscal second quarter of 2014, Ann reported earnings per dilutedshare of 0.70 dollars, compared with earnings per diluted share of 0.76 dollars in the second quarter of 2013. Total net sales for the second quarter of fiscal 2014 were 648.7 million dollars, compared with net sales of 638.2 million dollars in the second quarter of...

Design

Ann Inc expects 2.3 percent decline in Q2 sales

REPORT_ Ann Inc updated its outlook for the fiscal second quarter of 2014,reflecting lower-than-anticipated comparable sales and gross margin rate performance. Based on preliminary results, total Company net sales for the fiscal second quarter of 2014 are now expected to be 648 million dollars, reflecting a comparable sales decline of 2.3...

Design

Ann Inc Q1 comparable sales down 1.8 percent

REPORT_ Ann Inc, for the fiscal first quarter of 2014, reported earnings perdiluted share of 0.11 dollars on a GAAP basis, or 0.33 dollars per diluted share. This compares with earnings per diluted share of 0.44 dollars in the first quarter of 2013. Total net sales for the first quarter of fiscal 2014 were 590.6 million dollars, compared with...

Design

Golden Gate Capital buys 9.5 percent stake in Ann

Private equity firm Golden Gate has announced the acquisition of a 9.5 percent stake said in Ann, the group that owns Ann Taylor and Loft brands. Commenting the deal, Golden Gate said it believed the company's stock was undervalued. In a regulatory filing registered Thursday, the new investor said it owned about 4.4 million shares of Ann, making...

Fashion

Ann Inc comparable sales rise 2.3 percent in 2013

REPORT_ Ann Inc, for the full year of fiscal 2013, reported record earnings per diluted share of 2.19 dollars, compared with earnings per diluted share of 2.10 dollars in the full year of fiscal 2012. For the fiscal fourth quarter of 2013, it reported earnings per diluted share of 0.10 dollars, compared with earnings per diluted share of 0.05...

Design

Ann Taylor escapes heavy discounting over Christmas

Women's apparel retailer Ann Inc, owner of the Ann Taylor and Loft stores, reported fourth-quarter margins that suggested the company did not have to discount heavily in the holiday shopping season, as unanimously highlighted by analysts covering the stock. On that note, analysts at Zacks pointed that "Though these factors weighed on the...

Design

Ann Q3 net sales up 7 percent

REPORT_ Ann net sales for the third quarter of fiscal 2013 showed an increase of 7 percent compared to the third quarter of fiscal 2012. Total company comparable sales for the quarter increased 3.7 percent, on top of an increase of 5.5 percent in the third quarter of 2012. At Ann Taylor, total brand comparable sales increased 0.6 percent. At...

Design

Ann Q2 EPS up 21 percent

REPORT_ For the second quarter of 2013, Ann earnings per diluted share increased by 21 percent compared with earnings per diluted share in the second quarter of 2012. Total company comparable sales for the quarter increased 2.8 percent versus the second quarter of 2012. Gross margin, as a percentage of net sales, was 54.7 percent versus 55.9...