Established 1999
     
8,000 companies from USA and India.  
   
Search over 25,500 news articles and 8,000 companies earnings    
 
Earnings Calls: 
Ann Taylor Stores Earnings Call, Second Quarter 2007
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 8:46 PM EDT July 10 2008
123Jump:


(Continued)

Email article | Print article

The women''s specialty retailers reported operating income declining 25% to $51.0 million or 50 cents a share, from $68.1 million or 59 cents a share in 2006 as gross margins decreased 3.6 margin points to 50.6%. Comparable store sales decreased 6.2% with Ann Taylor stores down 3.1% and LOFT down 10.8%. Both divisions are heading into fall with brand appropriate product assortments and positioned to deliver a good second half.

Investors Question and Answers

 
 Company Website Links:
Investor Relations Financial Info Corporate / History Profile Executives Products Services
 
You need to upgrade your Flash Player


You need to upgrade your Flash Player

 
Kay Krill: The back-part of the year in this inventory management, and we have taken our inventories down for the third and the fourth quarter to try to get higher productivity out of the process.

Marni Shapiro: Elaborate on your balance resource, and how you feel about the refined versus the casual assortments of the two brands?

Kay Krill: We are in pretty good shape with that going forward. Our causal business in both brands is more polished as we head into the back half of the year versus the second quarter, we get more refined overall.

Teresa Donahue: On the inventory situation, how much of your expectation is predicated on comp versus some flexibility you might have to make adjustments since season end, and on the new concepts, are you thinking that existing concepts are perhaps too old?

Jim Smith: We will be down mid single-digits by year-end, and we feel there is flexibility. Our inventories will be following throughout the fourth quarter.
  1  2  3  4 More: Earnings Calls

 
 
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries
Other Sites:
© 1999-2012 123jump.com. All rights reserved