Company Reconfirms Previously Announced Outlook for Q12009 Continuing
Operations
The Talbots, Inc. (NYSE: TLB) announced today that the Company is
planning to release first quarter sales and earnings results for the
period ending May 2, 2009 on Tuesday, June 9, 2009 and will host a
conference call that morning at 10:00 a.m. ET. Additional details
pertaining to the conference call will be issued approximately one week
prior to the scheduled reporting date. Further, beginning with the first
quarter of fiscal 2009, the Company will discontinue the separate
reporting of quarterly sales.
Talbots also announced that it is reconfirming its previously announced
outlook for first quarter fiscal 2009 and currently expects a loss per
share from continuing operations to be in the range of $0.47 to $0.52,
excluding any restructuring and impairment charges, compared to last
year’s earnings per share of $0.42, excluding restructuring and
impairment charges of $0.07. On a GAAP basis, which includes
restructuring and impairment charges, the Company reported first quarter
2008 earnings per share for continuing operations of $0.35.
The Talbots, Inc. is a leading specialty retailer and direct marketer of
women’s apparel, shoes and accessories. At the end of fiscal 2008, the
Company operated stores in 870 locations in 47 states, the District of
Columbia, and Canada, with 587 locations under the Talbots brand name
and 283 locations under the J. Jill brand name. Talbots brand on-line
shopping site is located at www.talbots.com
and the J. Jill brand on-line shopping site is located at www.jjill.com.
Cautionary Statement and Certain Risk Factors to Consider
In addition to the information set forth in this press release, you
should carefully consider the risk factors and risks and uncertainties
included in the Company’s Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q, as well as in this press release below.
This press release contains forward-looking information within the
meaning of The Private Securities Litigation Reform Act of 1995.
