AnnTaylor Stores Announces Higher Net Income

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AnnTaylor Stores Corp. (NYSE:ANN) has reported increase in its revenue from its LOFT and Ann Taylor brands. The company also surpassed consensus estimates. AnnTaylor Stores Corp. earned $24.2 million in net income for the quarter. On per share basis, its income stood at 41 cents per share. The company had earned 3 cents per share or $2.1 million a year earlier.

* AnnTaylor Stores Corp. earned $505.3 million in revenue.
* The company had earned $462.4 million in revenue during the corresponding quarter of the last year.

The company increased its revenue 9.3 percent. Analysts had expected the company to report its revenue at $492.8 million. The earnings expectations were pegged at 34 cents per share. Kay Krill, President and CEO of the company, said, “While we anticipate a promotional environment in the upcoming months, we feel good about our overall business as we enter the fourth quarter and believe we are well-positioned in terms of our product, inventories, marketing initiatives and our planned promotional strategies for the Holiday season.”

The company expects to earn $500 million in the fourth quarter of the year. Analysts expects the revenue to be at $495 million.

Key Financial Stats

Valuation

* Price/Earnings(TTM)35.80
* Price/Cash Flow10.60
* Price/Sales (TTM)0.80
* Price/Book3.23

Financial Strength

* Quick Ratio (MRQ)1.20
* Current Ratio (MRQ)2.10
* LT Debt to Equity (MRQ)0.00
* Total Debt to Capital (MRQ)0.00
* Return on Equity9.20

Assets

* Asset Turnover2.00
* Asset per Employee.1M
* Inventory Turnover4.20

Per Share Data

* Earnings (TTM)0.72
* Current P/E Ratio2.10
* Cash Flow2.43
* Annual Dividend0.00
* Book Value7.99
* EBITDA3.90

Profitability

* Market Cap0.72
* Gross Margin (TTM)61.30
* Operating Margin (TTM)3.90
* Profit Margin (TTM) 2.30

Management Effectiveness

* Return on Equity (TTM)9.20%
* Return on Assets (TTM)4.60%
* Return on Investment (TTM)9.20%

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.