Women's Health Weekly
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Ann Taylor Stores Corporation
Ann Taylor Comments on First Quarter 2009 Results at Annual Meeting of Shareholders
May 28th, 2009
Ann Taylor Stores Corporation (NYSE:ANN) President and Chief Executive Officer Kay Krill told shareholders at the Company's Annual Meeting that, while sales results in the first quarter were softer than expected -- specifically at the Ann Taylor division -- the Company expects to report a stronger bottom line than analysts have been expecting. "Our performance in the first quarter has benefited from strong gross margins and the significant expense savings that we have achieved through our strategic restructuring program. However, our top-line results continued to be negatively impacted by the significant decline in consumer spending, especially for women's apparel, and...
Source: Women's Health Weekly (2009-05-28)
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