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Women’s Specialty Retailer Set to Report Q4 Earnings Friday Morning

July 25, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer says there is so much turmoil in the apparel space and he feels Ann could be put in play. All of these apparel companies, he says, are always steady Ebitda growers but they don’t have enough to excite the market. So he’ll be looking to see if Ann is doing better. The clothing retailer is set to release its fourth quarter earnings before the bell on Friday. Ann has been hurt recently by a number of factors including weaker foot traffic, shipment delays due to labor issues at West Coast ports and by a weakness in its core brands, Loft and Ann Taylor. In the previous quarter, comparable store sales decreased more than 4 percent and total net sales came in below estimates.

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