Commenting on the Company's sales results, Ann Taylor President & Chief Executive Officer Kay Krill stated, "April was a difficult month for the Company. Following good results in March, our performance heading into April and for much of the month was soft, primarily due to the record cold temperatures across the country, as well as the earlier timing of Easter this year and continued softness at LOFT. For the quarter, our Ann Taylor division achieved a positive comp, delivering balanced product assortments that drove higher full-price selling."
"Our key wear-to-work categories and dresses were especially strong for the quarter, and we remain confident in our outlook for the division for the balance of the year. At LOFT, our results continued to reflect a product assortment that is not yet fully back on track. As previously communicated, we do expect to see gradual improvement in LOFT's product offering over the course of the next several months heading into Fall."
"Despite the soft performance in April, we continue to believe that we will meet our earnings guidance for the full year, achieving diluted earnings per share in the range of $2.15 to $2.25," Ms. Krill stated.
AnnTaylor Stores Corporation
marketing@alchempro.com
