Ascena Retail Group (ASNA) Reports In-Line Q1 EPS

Ascena Retail Group (NASDAQ: ASNA) reported Q1 EPS of $0.11, in-line with the analyst estimate of $0.11. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.59 billion.

Fiscal Year 2018 Second Quarter Outlook

Fiscal year 2018 second quarter non-GAAP loss per share is estimated in the range of $(0.12) to $(0.07), supported by the following assumptions:

- Net sales in the range of $1.62 to $1.66 billion;

- Comparable sales in the range of down 4% to down 6%;

- Gross margin rate in the range of 55.0% to 55.5%;

- Depreciation and amortization expense in the range of $87 to $90 million;

- Operating income in the range of $(15) to $0 million;

- Interest expense of approximately $26 million; and

- Diluted share count of 196 million.

(Street sees Q2 revenue of $1.66 billion)

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

You May Also Be Interested In

• Schlumberger (SLB) earnings in-line, revenue beats expectations
• Wipro (WIT) Tops Q1 EPS by 1c
• Oilfield firm SLB's profit rises on international drilling demand