Recent Sales Slip for AnnTaylor, but It Expects to Beat Q3 Expectations
Women's clothing retailer
AnnTaylor
(ANN)
said that even though its October same-store sales were down 3.4%, it still expects third-quarter earnings to come in above estimates.
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The company said it expects earnings of 78 cents a share, a penny better than the
First Call/Thomson Financial
16-analyst estimate. While same-store sales fell in October, total sales for the month jumped 9.1% and third-quarter net sales rose 12.3%.
AnnTaylor was lately gaining 11.9%.
