ascena retail group, inc. Reports Third Quarter Results
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Ascena Retail Group (ASNA) Apparel Traffic Malaise Unavoidable - Cowen
June 1, 2016 6:23 AM EDTCowen analyst, Oliver Chen, noted that unfavorable weather, poor execution at several brands & ongoing apparel traffic weakness are plaguing Ascena Retail Group (NASDAQ: ASNA), which led to the FY16 guidance reduction. F3Q comps were -4% vs. Street -0.7%. Inventory execution remain stellar & ANN integration progressing to plan, but stabilization in comps & conviction in... More
Ascena Retail Group (ASNA) Tops Q3 EPS by 2c; Lowers Outlook
May 31, 2016 4:11 PM EDTAscena Retail Group (NASDAQ: ASNA) reported Q3 EPS of $0.15, $0.02 better than the analyst estimate of $0.13. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $1.73 billion.
David Jaffe, President and Chief Executive Officer of ascena retail group, inc., commented, "We continued to make progress in the third quarter with key catalysts in our business. The turnaround at Justice is progressing as planned, with improved performance versus last year driven by continued strength in gross margin rate. Our integration of ANN is progressing well, and we remain confident in our $235... More
