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Stock Market & Financial Investment News

News Breaks
March 14, 2014
11:39 EDTANNAnn Inc. upgraded to Buy from Neutral at Janney Capital
News For ANN From The Last 14 Days
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August 22, 2014
13:12 EDTANNAnn Inc. slides after Q2 SSS decline
Shares of women's specialty retailer Ann Inc. (ANN) are sliding after the company said that it experienced softer traffic levels along with sales and margin pressure in the second half of the second quarter. WHAT'S NEW: Ann's Q2 earnings per share was 70c, which is a bit higher than analysts' consensus of 68c. The company's Q2 revenue was $648.7M, which nearly matched analysts' consensus of $648.09M. The clothing retailer cited softer traffic levels and a highly promotional environment pressured sales and margin as the reason for its loss during the second half of the quarter. In addition, LOFT experienced continued softness in basic knit tops, which represented a significant component of its summer assortment. Q2 same-store-sales were down 2.3%. Ann sees Q3 revenue to be $670M, which is a bit lower than analysts' consensus of $673.31M and sees Q3 comparable sales to be flat to slightly negative. The company expects it FY14 revenue to be $2.56B, which matches analysts' $2.56B consensus and anticipates flat comparable sales in FY14. WHAT'S NOTABLE: During the company's conference call, Ann said that Q3 inventories are "conservatively positioned" as it enters the fall season. Ann said that despite the "challenging" retail environment, the retailer noted that it is focused on optimizing full-price sell-through to drive positive comp and increase productivity. Overall, the company believes that it is better positioned to optimize brand growth. PRICE ACTION: During afternoon trading, shares of Ann Inc. fell $1.19, or 3.07%, to $37.62. OTHERS TO WATCH: Ascena Retail (ASNA) is up fractionally, Cache (CACH) is down 1.52%, and New York & Company (NWY) is up 1.84%.
09:05 EDTANNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: GameStop (GME), up 7.1%... Foot Locker (FL), up 3%... Qunar (QUNR), up 6.9%... The Fresh Market (TFM), up 6.5%... Ross Stores (ROST), up 3.8%. ALSO HIGHER: El Pollo Loco (LOCO), up 5.3% after signing franchisee to 20 unit expansion agreement in Texas... Gap (GPS), up 2.8% after upgraded at Janney Capital following Q2 results above analyst estimates and announcing plans to open the first franchise-operated Gap stores in India in 2015. DOWN AFTER EARNINGS: Aeropostale (ARO), down 8%... Ann Inc (ANN), down 2.7%. ALSO LOWER: Ampio (AMPE), down 4.4% after downgraded at Jefferies...
07:34 EDTANNAnn Inc. sees FY14 revenue $2.56B, consenssu $2.56B
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07:33 EDTANNAnn Inc. sees Q3 revenue $670M, consensus $673.31M
Sees Q3 comparable sales flat to slightly negative.
07:33 EDTANNAnn Inc. reports Q2 SSS down 2.3%
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07:32 EDTANNAnn Inc. reports Q2 Ann Taylor brand sales $250M, LOFT brand sales $398.7M
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07:31 EDTANNAnn Inc. says second half of Q2 proved challenging
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07:31 EDTANNAnn Inc. reports Q2 EPS 70c, consensus 68c
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August 21, 2014
15:15 EDTANNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Foot Locker (FL), consensus 54c; ANN INC. (ANN), consensus 68c; Hibbett Sports (HIBB), consensus 31c.
August 13, 2014
11:15 EDTANNAnn Inc. September volatility elevated into Q2 and outlook
Ann Inc. September call option implied volatility is at 34, December is at 31; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 22.

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