2Q Earnings, Sales Boost Talbots

Share this content:
Citing clearance inventory levels that declined from last year, Talbots Inc., Hingham, MA, last week reported July sales of $76.3 million, flat with the same period a year ago, and said comparable-store sales slipped 7.9 percent for the month. The company cited strong sales of its regular-priced merchandise to account for the clearance inventory decline, which cut into comparable-store sales but has given the specialty retailer and cataloger of women's apparel a positive earnings outlook for the second quarter overall. For the second quarter ended Aug. 1, the cataloger expects to report earnings in the range of 2 cents to 4 cents a share on a diluted basis, well in excess of the street's current estimates, which put Talbots' quarter at a loss of 8 cents per diluted share. Talbots' forecast also tops the company's 1997 second quarter, when it reported a loss of 35 cents per diluted share. Arnold B. Zetcher, president and CEO at Talbots, said in a prepared statement that the company is pleased by customers' response to its merchandise through the spring season, adding that he expects a performance for the first half that is "well above both last year and our expectations earlier this year." For the most recent quarter, overall sales increased 9 percent to $267.7 million, up from $244.9 million in the year-ago period. Talbots' catalog sales climbed 10 percent to $32.3 million, while retail sales rose 9 percent to $235.4 million.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above