AnnTaylor Stores Earnings: Here’s Why Investors are Happy Now

AnnTaylor Stores Corp. (NYSE:ANN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 3.8%.

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AnnTaylor Stores Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 24.14% to $0.44 in the quarter versus EPS of $0.58 in the year-earlier quarter.

Revenue: Rose 2.51% to $574.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AnnTaylor Stores Corp. reported adjusted EPS income of $0.44 per share. By that measure, the company beat the mean analyst estimate of $0.42. It missed the average revenue estimate of $580.54 million.

Quoting Management: Kay Krill, President and CEO commented, “As previously noted, our first quarter performance reflected the impact of unseasonably cold weather, which negatively affected sales of warm weather product, primarily at LOFT. As a result, we were more promotional than planned to clear through inventory in advance of second quarter deliveries.”

Key Stats (on next page)…

Revenue decreased 5.46% from $607.68 million in the previous quarter. EPS increased 780% from $0.05 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.71 to a profit $0.68. For the current year, the average estimate has moved down from a profit of $2.29 to a profit of $2.15 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]