Ascena Retail Group (ASNA) Tops Q2 EPS by 2c, Reaffirms FY EPS Guiadance
Ascena Retail Group (NASDAQ: ASNA) reported Q2 EPS of $0.01, $0.02 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.88 billion.
The Company’s comparable sales data for the fiscal second quarter is summarized below:
| Net Sales (millions) | |||||||||||||||||||||
ComparableSales | Three Months Ended | ||||||||||||||||||||
January 23,2016 | January 24,2015  | ||||||||||||||||||||
| ANN INC. (a) | (2)% | $ | 637.5 | $ | — | ||||||||||||||||
| Justice | (17)% | 327.5 | 413.9 | ||||||||||||||||||
| Lane Bryant | 2% | 282.3 | 279.5 | ||||||||||||||||||
| maurices | —% | 291.6 | 279.8 | ||||||||||||||||||
| dressbarn | (4)% | 221.6 | 230.4 | ||||||||||||||||||
| Catherines | (3)% | 81.3 | 85.0 | ||||||||||||||||||
(a) ANN INC. had prior year total revenues of $647.4 million. The revenues and comparable sales results are based on prior year data from ANN INC. as a standalone company. |
GUIDANCE:
The Company is reaffirming its full year adjusted earnings per share outlook in the range of $0.75-$0.80
Ascena Retail Group sees Q3 2016 EPS of $0.10-$0.14, versus the consensus of $0.19.
For earnings history and earnings-related data on Ascena Retail Group (ASNA) click here.