Last $40.26 USD
Change Today +0.16 / 0.40%
Volume 536.2K
ANN On Other Exchanges
Symbol
Exchange
New York
As of 1:34 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

ann inc (ANN) Snapshot

Open
$40.36
Previous Close
$40.10
Day High
$40.97
Day Low
$39.81
52 Week High
03/21/14 - $43.61
52 Week Low
04/19/13 - $27.63
Market Cap
1.9B
Average Volume 10 Days
804.6K
EPS TTM
$2.19
Shares Outstanding
46.7M
EX-Date
--
P/E TM
18.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for ANN INC (ANN)

ann inc (ANN) Details

ANN Inc., through its subsidiaries, engages in the retailing of women’s apparel, shoes, and accessories under the Ann Taylor and LOFT brands. As of March 14, 2014, it operated 1,025 Ann Taylor, Ann Taylor Factory, Loft, and Loft Outlet stores in 47 states, the District of Columbia, Puerto Rico, and Canada. The company also sells its products through operating anntaylor.com and LOFT.com, as well as through phone. The company was formerly known as AnnTaylor Stores Corporation and changed its name to ANN Inc. in March 2011. ANN Inc. was founded in 1954 and is headquartered in New York, New York.

4,550 Employees
Last Reported Date: 03/14/14
Founded in 1954

ann inc (ANN) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $1.2M
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $700.0K
President of Brands
Total Annual Compensation: $900.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

ann inc (ANN) Key Developments

Ann Inc. Announces 100 Job Cuts

Ann Inc. announced about 100 job cuts.

ANN INC. Announces Strategic Realignment of its Organization; Names Gary Muto as President of Ann Taylor and Loft Brands

ANN INC. announced a strategic realignment of its organization to support an integrated stores/ecommerce structure. The realignment is expected to result in ongoing annualized pre-tax operating savings of approximately $25 million, of which approximately $15 million is expected to be realized in fiscal 2014. As a result of the strategic realignment, the company has streamlined its operations, eliminating approximately 100 positions from its corporate workforce. The company expects to record a pre-tax restructuring charge of approximately $15 million in connection with the realignment, the vast majority of which is expected to be incurred in the fiscal first quarter of 2014. In connection with these changes, the company announced that Gary Muto has been named to the position of President, ANN INC. Brands, reporting to President and Chief Executive Officer Kay Krill, where he will be primarily focused on design, merchandising and marketing for all channels of the Ann Taylor and LOFT brands.

ANN INC. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 1, 2014; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2014

ANN INC. reported unaudited consolidated earnings results for the fourth quarter and full year ended February 1, 2014. For the quarter, net sales were $623,255,000 compared with $607,678,000 a year ago. The company reported operating income of $5,776,000 compared to $1,574,000 a year ago. Income before income taxes was $5,391,000 against $2,615,000 a year ago. Net income was $4,680,000 against the $2,370,000 a year ago. Basic and diluted earnings per share were $0.10, compared with $0.05 a year ago. Capital expenditures in the fourth quarter totaled $37 million compared with $36.1 million in the fourth quarter of 2012. For the year, net sales were $2,493,491,000 compared with $2,375,509,000 a year ago. The company reported operating income of $170,074,000 compared to $166,791,000 a year ago. Income before income taxes was $169,963,000 against $167,653,000 a year ago. Net income was $102,430,000 against the $102,585,000 a year ago. Diluted earnings per share were $2.19, compared with $2.10 a year ago. Capital expenditures for the year totaled approximately $141 million versus approximately $147 million in 2012. For the fiscal first quarter of 2014, the company expects total net sales to approach $600.0 million, reflecting total company comparable sales that are approximately flat with the fiscal first quarter of 2013. Gross margin rate performance is expected to approach 55.0%. The company currently expects fiscal 2014 total net sales to be $2.615 billion, reflecting a total company comparable sales increase in the low-single digits. Gross margin rate performance is expected to be 54.0%. The company's effective tax rate is expected to be 40%. Capital expenditures are expected to be approximately $120 million.

 

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