Talbots Reports Q2 Results (TLB)

The Talbots, Inc. TLB today reported results for the second quarter and year-to-date ended July 31, 2010 and commented on its outlook for third quarter and fiscal year 2010. Second quarter income from continuing operations was $0.5 million or $0.01 per share, compared to last year’s loss from continuing operations of $20.5 million, or $0.38 per share. Adjusted second quarter income from continuing operations, excluding special items of $9.3 million or $0.13 per share, was $9.8 million, or $0.14 per share, compared to last year’s adjusted loss from continuing operations of $17.6 million, or $0.33 per share. A full reconciliation of GAAP to non-GAAP (“adjusted”) items is included with this release.