The 10-second takeaway
For the quarter ended Feb. 2 (Q4), ANN INC met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased.
Gross margins grew, operating margins contracted, net margins were steady.
ANN INC booked revenue of $607.7 million. The 12 analysts polled by S&P Capital IQ looked for a top line of $608.1 million on the same basis. GAAP reported sales were 7.2% higher than the prior-year quarter's $566.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.05. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS of $0.05 for Q4 were 25% higher than the prior-year quarter's $0.04 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 49.1%, 20 basis points better than the prior-year quarter. Operating margin was 0.3%, 110 basis points worse than the prior-year quarter. Net margin was 0.4%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $601.4 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $2.56 billion. The average EPS estimate is $2.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 182 members out of 265 rating the stock outperform, and 83 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 give ANN INC a green thumbs-up, and 27 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ANN INC is outperform, with an average price target of $39.79.
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