Talbots Reports Third Quarter EPS of $.27

The Talbots, Inc. TLB today reported results for the third quarter and year-to-date period ended October 30, 2010 and commented on its outlook for the fourth quarter and fiscal year 2010. Third quarter income from continuing operations was $17.0 million or $0.24 per share, compared to last year's income from continuing operations of $15.5 million, or $0.28 per share. Adjusted third quarter income from continuing operations, excluding special items of $1.7 million, or $0.03 per share, was $18.7 million, or $0.27 per share, compared to last year's adjusted income from continuing operations of $17.2 million, or $0.31 per share. A full reconciliation of GAAP to non-GAAP (“adjusted”) items is included with this release.