Ann posts higher quarterly profit as sales at Ann Taylor, LOFT rise

Fri Aug 23, 2013 7:54am EDT

Aug 23 (Reuters) - Women's apparel retailer Ann Inc reported a 16 percent rise in second-quarter profit, driven by higher sales at its Ann Taylor and LOFT stores.

Net income rose to $35.6 million, or 76 cents per share, in the quarter ended Aug. 3, from $30.7 million, or 63 cents per share, a year earlier.

Revenue rose 7 percent to $638.2 million. Total company comparable sales were up 2.8 percent.

The company's shares rose 3 percent to $33.50 in premarket trade.

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