Talbots (TLB): Q2 EPS of -$0.51 misses by $0.06. Revenue of $271M (-9.8% Y/Y) beats by $8M. Q3...

|By:, SA News Editor
Talbots (TLB): Q2 EPS of -$0.51 misses by $0.06. Revenue of $271M (-9.8% Y/Y) beats by $8M. Q3 to-date sales and customer traffic continue to trend negative, with top-line sales down ~8% Y/Y. Expects high levels of promotional and markdown activity to continue throughout Q3, resulting in an increase in cost of sales. Shares -8.3% premarket. (PR)