Dress Barn (DBRN) Guides Lower
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Dress Barn, Inc. (NASDAQ: DBRN) now believes, based on the results of the Holiday season, it is prudent to assume that margins are likely to remain under pressure for the second half of this fiscal year. As a result, the Company now estimates earnings per diluted share for fiscal 2009 will be in the range of $0.70 to $0.85, versus its previous earnings guidance of $0.90 to $1.00 per diluted share. The Wall Street consensus is $0.90.
The Company does not report sales results on a monthly basis. It believes it is appropriate, given this revised earnings guidance, to note that its comparable sales results for its fiscal month ended December 27, 2008 were -4%. By division, comparable store sales for dressbarn stores were -7% against last year and maurices stores were flat against last year.
The Company does not report sales results on a monthly basis. It believes it is appropriate, given this revised earnings guidance, to note that its comparable sales results for its fiscal month ended December 27, 2008 were -4%. By division, comparable store sales for dressbarn stores were -7% against last year and maurices stores were flat against last year.
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