Ascena Retail Group, Inc. (ASNA) Tops Q2 EPS by 3c, Lowers EPS Guidnce

Ascena Retail Group, Inc. (NASDAQ: ASNA) reported Q2 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.27 billion. Comps declined 3%..

Ascena Retail Group, Inc. sees FY2014 EPS of $1.00-$1.05, versus prior guidance of $1.1-$1.15 and the consensus of $1.15. Total comparable sales are expected to increase low single digits. The Company's effective tax rate is expected to be 36%
Investment in capital expenditures in the range of $475 to $500 million. Net new store growth in the range of 50 to 70 units.

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

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