By and  on June 8, 2010

The Talbots Inc. on Tuesday posted a first-quarter loss that was narrower than a year ago and smaller than analysts expected, but shares fell 9.5 percent on the retailer’s anemic second-quarter forecast and questionable inventory position.

For the three months ended May 1, the net loss was $4.4 million, or 8 cents a diluted share, compared with a year-ago loss of $23.6 million, or 44 cents. On an adjusted basis, income from continuing operations, excluding one-time charges related to restructuring and its merger with BPW Acquisition Corp., was $21.7 million, or 38 cents a share, 22 cents above the 16 cents expected, on average, by analysts polled by Yahoo Finance.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus