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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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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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