Ascena Retail Group (ASNA) Misses Q3 EPS by 2c, Reaffirms FY Guidance

Ascena Retail Group (NASDAQ: ASNA) reported Q3 EPS of $0.18, $0.02 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.16 billion. Comps declined 1%

Reaffirms Fiscal Year 2015 Guidance

The Company reaffirms guidance for adjusted earnings per diluted share from continuing operations in the range of $0.70 to $0.75 for the fiscal year ending July 2015. This guidance excludes any acquisition-related, integration and restructuring expenses and certain costs related to the scheduled closure of Brothers that may be incurred during the fiscal year. The Company is now modeling flat to modest negative combined comparable sales performance for the year, and is projecting total capital expenditures between $325 million to $350 million as it continues to aggressively manage capital project activity.

For earnings history and earnings-related data on Ascena Retail Group (ASNA) click here.

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