Cowen Reiterates Market Perform on Ascena Retail Group (ASNA)

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ascena retail group, inc. Reports First Quarter Results

December 1, 2016 4:05 PM EST

First Quarter GAAP EPS of $0.07, Comparable Sales Down 5%

First Quarter Non-GAAP EPS of $0.18

MAHWAH, N.J.--(BUSINESS WIRE)-- ascena retail group, inc. (NASDAQ - ASNA) (the Company) today reported GAAP earnings for its fiscal first quarter ended October 29, 2016 of $0.07 per diluted share compared to a net loss of $0.10 per diluted share in the year-ago period.

Current and prior year first quarter results include certain acquisition and integration costs, as well as non-cash purchase accounting adjustments associated with the acquisition of ANN INC. ("ANN"), which was completed on August 22, 2015. In... More