Home > Financial, General > Ann Inc. Q1 sales rise as Loft makes up for Ann Taylor

Ann Inc. Q1 sales rise as Loft makes up for Ann Taylor

NEW YORK, NY - MAY 18:  People pass the window arrangement of an Ann Taylor women's wardrobe store in Manhattan on May 18, 2015 in New York City. Ascena  Retail Group is shopping Ann Taylor and Loft sell stores for $2.16 billion.  (Photo by Andrew Burton/Getty Images) ORG XMIT: 554940623 ORIG FILE ID: 473890032

NEW YORK, NY – MAY 18: People pass the window arrangement of an Ann Taylor women’s wardrobe store in Manhattan on May 18, 2015 in New York City. Ascena Retail Group is shopping Ann Taylor and Loft sell stores for $2.16 billion. (Photo by Andrew Burton/Getty Images) ORG XMIT: 554940623 ORIG FILE ID: 473890032

Ann Inc., the women’s attire retailer, pronounced Friday initial entertain sales rose tolerably as a sales benefit at Loft stores helped compensate for Ann Taylor’s sluggish performance.

Company-wide sales were up 1.2% year-over-year to $597.7 million.

Net income totaled $13.6 million, up from $5.2 million a year ago when a restructuring charge hampered the bottom line.  Excluding the restructuring assign and alternative “one-time” items, gain per widely separated share totaled 37 cents, surpassing analysts’ guess of 33 cents.

Shares fell 3 cents to $47 Friday morning.

Ann Taylor sales fell to $211.3 million from $219.9 million a year ago as women increasingly opt for some-more infrequent styles at work. Sales of the Loft brand, deliberate some-more affordable than Ann Taylor, rose to $386.4 million from $370.6 million a year ago.

Its sum distinction margin dipped to 52.3% from 53.4% due to “continued trade hurdles and the rarely rival sell environment,” as good as “soft product opening at Ann Taylor Factory and in name categories at Loft.”

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