Ascena Retail Group (ASNA) Reports In-Line Q3 EPS, Comps Decline 8%, Q4 EPS Guidance Falls Short

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Go back to Ascena Retail Group (ASNA) Reports In-Line Q3 EPS, Comps Decline 8%, Q4 EPS Guidance Falls Short

ascena retail group, inc. Reports Third Quarter Results; Non-Cash Impairment Drives GAAP Loss of $5.29 Per Share; Comparable Sales Down 8% on Continued Traffic Headwinds; Reports Non-GAAP EPS of $0.05

June 8, 2017 4:05 PM EDT

Reaffirms Full Year Non-GAAP EPS Guidance of $0.10 - $0.15

MAHWAH, N.J.--(BUSINESS WIRE)-- ascena retail group, inc. (NASDAQ - ASNA) ("ascena" or the Company) today reported financial results for its fiscal third quarter ended April 29, 2017, including a GAAP loss of $5.29 per diluted share compared to net earnings of $0.08 per diluted share in the year-ago period. The loss in the current quarter includes a non-cash pre-tax impairment charge of $1.324 billion (after tax impact of $5.22 per diluted share) to write-down a portion of the Company's goodwill and other intangible assets.

David Jaffe, President and... More