Ascena Retail Group (ASNA) Reports Q1 EPS of $0.06, Revenues Beat; Offers 2Q19 EPS/Revenue Outlook, Offers FY19 EPS Outlook

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Go back to Ascena Retail Group (ASNA) Reports Q1 EPS of $0.06, Revenues Beat; Offers 2Q19 EPS/Revenue Outlook, Offers FY19 EPS Outlook

ascena retail group, Inc. Reports First Quarter Fiscal 2019 Results; Provides Second Quarter Earnings Guidance; Maintains Full Year Guidance

December 10, 2018 4:05 PM EST

First Quarter Comparable Sales up 3%; GAAP EPS of $0.03; Adjusted EPS of $0.06

MAHWAH, N.J.--(BUSINESS WIRE)-- ascena retail group, inc. (Nasdaq - ASNA) (ascena or the Company) today reported financial results for its fiscal first quarter ended November 3, 2018. For the first quarter of Fiscal 2019, the Company reported GAAP earnings of $0.03 per diluted share, which was flat to the year-ago period, as an increase in comparable sales and lower restructuring costs were offset by the impact of a lower gross margin rate, unfavorable timing related to the adoption of the new revenue recognition accounting... More