Ascena Retail Group, Inc. (NASDAQ: ASNA)
this week has announced strong holiday sales and is raising
earnings per share guidance for its current fiscal year ending
July 28, 2012.
The Company noted that comparable store
sales for the fiscal month of December increased 14% on a
consolidated basis. By brand, dressbarn increased 12%,
maurices increased 6% and Justice increased
As a result of better-than-expected
holiday season sales and margin performance, the Company is
raising its adjusted earnings per share guidance for Fiscal 2012
to a range of $2.60 to $2.70 per diluted share,
compared to its previous guidance of $2.55 to $2.65.
David Jaffe, President
and Chief Executive Officer of Ascena Retail Group, Inc.,
commented, "We are pleased that sales at all three brands
accelerated as the holiday season progressed, including strong,
across-the-board growth in our e-commerce business. In
particular, our investment in inventory versus year-ago levels
helped drive strong December sales. Though we remain cautious,
we are encouraged by the consumer's strong response to each of
our brands and expect to report mid-single digit comparable
store sales increases for the second quarter."
The Company also noted that it will be
presenting at the 14th Annual ICR XChange
Conference to be held at the Fontainebleau in Miami Beach, Florida on
Wednesday, January 11, 2012 at 9:40 a.m. ET.
Ascena Retail Group
investor presentation will be webcast live and can be accessed
About Ascena Retail Group, Inc.
Ascena Retail Group, Inc.
is a leading national specialty retailer of apparel for women
and tween girls, operating through its wholly-owned
subsidiaries, the dressbarn, maurices and Justice
brands. The Company operates through its subsidiaries over 2,500
stores throughout the United States, Puerto Rico and Canada, with annual revenues of approximately
dressbarn offers casual, career and special occasion fashion
apparel and accessories at value prices for women ages 35-55,
operating 825 stores in 47 states.
maurices offers casual and
career apparel and accessories at value prices to the
fashion-conscious woman, ages 17-34 with a 20-something
attitude, and operates 804 stores in 44 states.
trend-right apparel and accessories at value prices for tween
girls ages 7-14 and operates 932 stores in 46 states, Puerto Rico and Canada.