Ascena Retail Group (ASNA) Tops Q3 EPS by 2c; Lowers Outlook
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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
