Ascena Retail Group (ASNA) Tops Q2 EPS by 3c

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ascena retail group, inc. Reports Second Quarter GAAP EPS Loss of $0.18, Comparable Sales Down 4%; Second Quarter Non-GAAP EPS Loss of $0.07; Reaffirms Full Year Non-GAAP EPS Guidance of $0.37 - $0.42

March 6, 2017 4:05 PM EST

MAHWAH, N.J.--(BUSINESS WIRE)-- ascena retail group, inc. (NASDAQ: ASNA) (the Company) today reported a net loss on a GAAP basis for its fiscal second quarter ended January 28, 2017 of $0.18 per diluted share compared to a net loss of $0.12 per diluted share in the year-ago period.

David Jaffe, President and Chief Executive Officer of ascena retail group, inc., commented, "Reflecting on our second quarter results, we saw a continuation of trends that have been in place for some time. While we remain generally pleased with selling performance during peaks, our... More