Talbots issues fourth-quarter warning

Wed Feb 6, 2008 4:40pm EST
 
[-] Text [+]

LOS ANGELES, Feb 6 (Reuters) - Talbots Inc (TLB.N) on Wednesday warned that it expects to post a fiscal fourth-quarter loss of 23 cents to 28 cents per share, excluding items, after same-store sales fell 6 percent.

Analysts, on average, had been looking for a loss excluding items of 18 cents per share for the fourth-quarter ended Feb. 2.

"Unfortunately, worsening economic conditions in the fourth quarter exacerbated problems that we had already recognized and have been working to address, and impacted our near-term performance," Talbots Chief Executive Trudy Sullivan said in a statement.

The retailer, which operates Talbots and J. Jill brands, also said it expects to report a fourth-quarter net loss of $2.10 to $2.15 per share. (Reporting by Lisa Baertlein)

 

Companies In This Article

Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better