Ann Inc. stock jumped 4.2 percent to $38.92 after the retailer posted a first-quarter profit that beat analysts’ expectations.
Ann’s earnings of $15.4 million, or 33 cents a diluted share, in the quarter ended May 3, excluding an after-tax restructuring charge, was 2 cents better than analysts’ consensus estimate of 31 cents. The stock rose $1.57 in the first 50 minutes of trading on the New York Stock Exchange.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)