Talbots Reports Q4 EPS of $(0.14) vs. $(0.17)

The Talbots, Inc. TLB today reported results for the fourth quarter and fiscal year ended January 29, 2011. Fourth quarter loss from continuing operations was $2.8 million, or $0.04 per share, compared to last year's loss from continuing operations of $1.5 million, or $0.03 per share. Adjusted fourth quarter loss from continuing operations was $9.6 million, or $0.14 per share, excluding net income from special items of $6.8 million, or $0.10 per share, compared to last year's adjusted income from continuing operations of $7.4 million, or $0.13 per share. Net sales decreased 7.4% to $292.6 million, compared to $315.9 million in the same period last year.