Seeking Alpha

More on Ann's Q2

  • Ann (NYSE:ANN) reports comparable-store sales fell 2.3% in Q2, driven lower by slumps at Loft and with the Ann Taylor Factory channel.
  • Gross margin rate -230 bps to 52.4%.
  • SG&A expense ratio -140 bps to 43.9%.
  • Inventory +6.5% to $255.26M.
  • Store count +33 to 1,040.
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