Ann Taylor Stores Corporation Reports Q3 EPS of $.42

Ann Taylor Stores Corporation ANN today reported results for the fiscal third quarter ended October 30, 2010. For the third quarter of 2010, the Company reported earnings per diluted share of $0.42, excluding after-tax restructuring charges totaling $0.01 per diluted share, compared with earnings per diluted share of $0.20 in the third quarter of 2009, excluding after-tax restructuring and asset impairment charges totaling $0.17 per diluted share. On a GAAP basis, including the aforementioned charges, earnings per diluted share were $0.41 in the third quarter of 2010, compared with $0.03 per diluted share in the third quarter of 2009. Total net sales for the third quarter of fiscal 2010 were $505.3 million, compared with net sales of $462.4 million in the third quarter of fiscal 2009. By brand, net sales across all channels of the Ann Taylor brand totaled $223.2 million in the third quarter of 2010, compared with net sales of $195.0 million in the third quarter of 2009. At the LOFT brand, net sales across all channels were $282.1 million in the third quarter of 2010, compared with net sales of $267.4 million in the third quarter of 2009.