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Ann reports 7 percent rise in quarterly sales
November 22, 2013 / 12:55 PM / 4 years ago

Ann reports 7 percent rise in quarterly sales

Nov 22 (Reuters) - Ann Inc posted a 7 percent rise in third-quarter sales as more customers visited its LOFT women’s apparel stores.

Net income rose to $41.2 million, or 89 cents per share, from $40.7 million, or 84 cents per share, a year earlier.

Revenue rose to $657.5 million in the quarter ended Nov. 2. Same-store sales increased 3.7 percent. (Reporting By Aditi Shrivastava and Maria Ajit Thomas in Bangalore; Editing by Maju Samuel)

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