Ascena Retail Group (ASNA) Reports In-Line Q2 EPS, Q3 Guidance Misses

Ascena Retail Group (NASDAQ: ASNA) reported Q2 EPS of ($0.26), in-line with the analyst estimate of ($0.26). Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.71 billion.

GUIDANCE:

Ascena Retail Group sees Q3 2019 EPS of ($0.35)-($0.45), versus the consensus of $0.02. Ascena Retail Group sees Q3 2019 revenue of $1.43-1.46 billion, versus the consensus of $1.52 billion.

• February performance was challenging, and the Company is currently operating with reduced forward visibility on sales trends due to what it believes are temporary, macro-related factors, and is not issuing updated full year guidance at this time.

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

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