Ascena Retail Group (ASNA) Tops Q3 EPS by 11c, Q4 Rev. Guidance Misses Views
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ascena retail group, inc. Reports Third Quarter Fiscal 2019 Results; Third Quarter Comparable Sales from Continuing Operations Flat; GAAP Loss Per Share of $1.20 Includes Non-Cash Impairment Charges;
June 10, 2019 4:06 PM EDTMAHWAH, N.J.--(BUSINESS WIRE)-- ascena retail group, inc. (Nasdaq - ASNA) (ascena or the Company) today reported financial results for its fiscal third quarter ended May 4, 2019. For the third quarter of Fiscal 2019, the Company reported a GAAP loss of $1.20 per diluted share, compared to a GAAP loss of $0.20 in the year-ago period. The current year loss reflects non-cash impairment charges of $174 million, consisting of write-downs of goodwill, other intangible assets and store-related fixed assets. For the third quarter of Fiscal 2019, the Company reported an adjusted loss of $0.26 per diluted share compared to an adjusted loss of $0.08 per... More
