NEW YORK — It was a very good quarter for Ann Taylor Stores Corp.
The specialty store Friday said it posted income of $43.2 million, or 59 cents a diluted share, for the second quarter ended July 29, compared with income of $7.1 million, or 10 cents, in the same year ago period. Sales rose 19.9 percent to $610 million from $508.7 million, while same-store sales rose 10.3 percent.
“We are delighted with the record performance we achieved during the second quarter. We built on our positive momentum at both Ann Taylor and Loft, driving increased full-price sales and higher gross margin to deliver a fivefold increase in earnings per share for the quarter,” said Kay Krill, president and chief executive officer, in a statement.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
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