This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Talbots Forecasts Improved Full-Year Earnings


HINGHAM, Mass. ( TheStreet) -- Talbots (TLB) is forecasting an improvement in full-year and second-quarter earnings after reporting a better-than-expected first quarter.

Excluding special items, the company is expecting full-year adjusted earnings from continuing operations of about 75 cents to 83 cents a share, compared with an adjusted loss from continuing operations of 10 cents a share in the year-ago period. For the second quarter, Talbots anticipates adjusted earnings from continuing operations of about a breakeven level to 5 cents a share, compared with last year's adjusted loss from continuing operations of 33 cents a share.

Wall Street's average earnings estimates for the full-year and second quarter have been 73 cents a share and 5 cents a share, respectively.

For the first quarter, Talbots reported loss from continuing operations of $7.1 million or 12 cents a share, compared with last year's loss from continuing operations of $18.8 million or 35 cents a share. Excluding items, first quarter income from continuing operations increased $34.1 million to $21.7 million or 38 cents a share, compared with last year's adjusted loss from continuing operations of $12.4 million or 23 cents a share.

During the quarter, the company experienced a 2.4% decline in selling, general and administrative expenses over the prior year, and a total inventory decrease of 17.9%.

Total sales for the quarter increased 4.7% to $320.7 million, compared with $306.2 million last year, as comparable store sales increased 2.4% in the quarter due to continued improvement in full-price selling.

>>Search for Highest Dividends by Rate or Yield

Wall Street analysts, on average, were expecting earnings of 16 cents a share on revenue of $323.07 million.

-- Reported by Andrea Tse in New York

Follow TheStreet.com on Twitter and become a fan on Facebook.

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
TLB $0.00 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs