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Earnings roundup: Tween Brands, Brown Shoe



By AP
21 May 2008 @ 10:39 am EST

Among the earnings stories for Wednesday, May 21, from AP Financial News:

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Quotes
TWB 8.25 0.56
BWS 10.07 -0.54
TLB 9 -0.28
CHRS 2.85 -0.8
IMH 0.19 0.02

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NEW ALBANY, Ohio (AP) -Girls' specialty retailer Tween Brands Inc. said Wednesday fiscal first-quarter profit declined on a hefty charge, but results still topped Wall Street expectations.

NEW YORK (AP) -Brown Shoe Co., which operates the Famous Footwear shoe store chain, said Wednesday fiscal first-quarter profit declined on soft same-store sales and higher markdowns as consumers scaled back spending.

HINGHAM, Mass. (AP) -Apparel retailer Talbots Inc. said Wednesday its first-quarter profit dropped 69 percent, hurt by its Talbots Kids, Mens and U.K. noncore operations as well as restructuring charges.

BENSALEM, Pa. (AP) -Women's apparel retailer Charming Shoppes Inc. on Wednesday reported a loss in its first quarter mainly from a big drop in sales at established stores.

IRVINE, Calif. (AP) -Impac Mortgage Holdings Inc., a real estate investment trust, said late Tuesday it lost $2.05 billion in 2007 because of rising loan-loss provisions.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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