Ascena Retail Group (ASNA) Misses Q4 EPS by 8c; Comps Fell 4%
Ascena Retail Group (NASDAQ: ASNA) reported Q4 EPS of $0.08, $0.08 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.77 billion.
The Company’s comparable sales data for the fiscal fourth quarter is summarized below:
| Net Sales (millions) | ||||||||||||
| Comparable Sales (a) | Three Months Ended | |||||||||||
| July 30, 2016 | July 25, 2015 | |||||||||||
| ANN (a) | N/A | $ | 617.1 | $ | — | |||||||
| Justice | (4)% | 244.5 | 242.1 | |||||||||
| Lane Bryant | 1% | 317.9 | 292.0 | |||||||||
| maurices | (9)% | 257.6 | 254.0 | |||||||||
| dressbarn | (7)% | 282.8 | 289.3 | |||||||||
| Catherines | (5)% | 92.4 | 92.4 | |||||||||
| Total Company | (4)% | $ | 1,812.3 | $ | 1,169.8 | |||||||
| (a) | ANN was acquired in the first quarter of Fiscal 2016. For comparative purposes, utilizing unaudited internally generated ANN data from the pre-acquisition period, ANN's comparable sales for the fourth quarter of Fiscal 2016 were approximately (6)%. Given that it reflects pre-acquisition data, ANN's sales were excluded from the calculation of Total Company comparable sales. Including the unaudited internally generated ANN data, Total Company comparable sales were approximately (5)%. |
NOTE: The Street was looking for comps to fall 2.1 percent.
GUIDANCE:
Ascena Retail Group sees FY2017 EPS of $0.60 - $0.65, versus the consensus of $0.83. Ascena Retail Group sees FY2017 revenue of $6.9 - $7.0 billion, versus the consensus of $7.17 billion.
For earnings history and earnings-related data on Ascena Retail Group (ASNA) click here.