Shares of Ann Inc. rose 8.2 percent after the specialty chain reported a 26.2 percent gain in net income in the third quarter, boosted by comparable-store sales growth in both Ann Taylor and Loft and a gross margin rate of nearly 58 percent.
For the three months ended Oct. 27, net income rose to $40.7 million, or 84 cents a diluted share, from $32.3 million, or 61 cents, in the same year-ago quarter. Net sales rose 8.6 percent to $612.5 million from $564 million.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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