View Post

Ann Inc. Q3 Profit Down 19%, Sales Miss

In What's New, Industry News by Jeff Prine

New York—Ann Inc. reported Friday that its third quarter earnings slid 19% yet still managed to beat estimates. The women’s specialty store blamed slow consumer traffic, intense promotional headwinds and labor disruption at the West Coast ports. Adjusted earnings came in at 72 cents a share, ahead of analysts’ estimate …