said same-store sales rose 12.9% in December, and total sales increased by 17% for the period.
Sales totaled $219.3 million, up from $186.7 million in the year-ago period. The company attributed the increase to a better-than-expected holiday season.
The Hingham, Mass., women's apparel retailer said it now expects to beat Wall Street's earnings forecast for the fourth quarter. Talbots anticipates earnings of 46 cents to 48 cents a share for the period, higher than the 24 cents it earned in the year-ago period. Fifteen analysts polled by
First Call/Thomson Financial
are calling for the company to post a profit of 43 cents a share.
Shares of Talbots gained $1.06, or 2.2%, to $50.31 in recent
New York Stock Exchange