The Talbots Inc. posted net income of $17.2 million for the third quarter, compared to a net loss of $12.4 million in the prior year.
The direct marketer and retailer reported sales of $308.9 million for the quarter ended Oct. 31, a 13.5% decrease from $357.3 million last year.
The Hingham, MA firm posted direct marketing sales for of $53.5 million for the quarter, a decrease from $53.8 million last year.
“Our third quarter results demonstrate tremendous operational discipline and solid execution of our strategic initiatives to drive improved performance of the business and restore profitability. The efforts over the past several quarters
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