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Ascena Retail Group Inc (ASNA.OQ)

ASNA.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Ascena Retail Group Says Q1 Same Store Sales Fell 5 Pct
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Ascena Retail Group Inc ::ASCENA RETAIL GROUP INC REPORTS FIRST QUARTER RESULTS AND PROVIDES GUIDANCE FOR SECOND QUARTER OF FISCAL 2018; FIRST QUARTER GAAP EPS OF $0.03; NON-GAAP ADJUSTED EPS OF $0.11; COMPARABLE SALES DOWN 5 PCT.REPORTS Q1 GAAP EARNINGS PER SHARE $0.03.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.11.Q1 GAAP EARNINGS PER SHARE $0.03.Q1 SALES $1.59 BILLION VERSUS $1.678 BILLION.Q1 SAME STORE SALES FELL 5 PERCENT.SEES Q2 2018 NON-GAAP LOSS PER SHARE $0.07 TO $0.12.SEES Q2 2018 SALES $1.62 BILLION TO $1.66 BILLION.Q1 ADJUSTED EARNINGS PER SHARE OF 11 CENTS WAS IN MIDDLE OF GUIDANCE RANGE, BUT REPRESENTED A "DISAPPOINTING" QUARTER.ASCENA RETAIL SAYS THREE HURRICANES WHICH IMPACTED SOUTHERN UNITED STATES, PUERTO RICO DURING Q1 NEGATIVELY IMPACTED SALES BY ABOUT $11 MILLION.UNABLE TO CAPITALIZE ON IMPROVING MACRO TRAFFIC ENVIRONMENT DUE TO FASHION MISSTEPS.ENDED Q1 OF FISCAL 2018 WITH INVENTORY OF $744 MILLION, DOWN 8 PERCENT FROM THE END OF YEAR-AGO PERIOD.SEES Q2 2018 COMPARABLE SALES IN RANGE OF DOWN 4 PCT TO DOWN 6 PCT.Q2 EARNINGS PER SHARE VIEW $-0.07, REVENUE VIEW $1.67 BILLION -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $0.11, REVENUE VIEW $1.59 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Ascena Retail says restructured its business into 4 operating segments
Tuesday, 4 Oct 2016 

Ascena Retail Group Inc : Ascena retail group inc says begins execution phase of its major enterprise transformation plan . Reschedules investor day to january 18, 2017 . Ascena retail group inc says announced creation of its new ascena brand services (abs) team . Restructuring will result in a pre-tax charge of approximately $10 to $12 million in q1 . Additional charges are expected in future related to ongoing transformation work . Gary muto, president and ceo of company's ann brands, will retain responsibility for ann taylor, loft, and lou & grey brands . Expects to recover majority of restructuring charge in form of reduced operational expenses over course of fiscal 2017 . Expects additional $100 - $150 million in cost savings by fiscal 2019 . Expects its new change for growth program will deliver an incremental $100 - $150 million of cost savings by fiscal 2019 . Restructuring has been accompanied by a number of executive departures to eliminate organizational overlap . Says restructured its business into four operating segments . Brian lynch, most recently president and ceo of justice brand, will assume direct responsibility for ascena brand services in his role as coo . Ahead of plan with synergy,cost savings workstreams that will deliver $235 million of cost savings associated with integration of ann inc.  Full Article

Ascena Retail Group Q3 adjusted earnings per share $0.15
Tuesday, 31 May 2016 

Ascena Retail Group Inc : Ascena retail group, inc. Reports third quarter results . Q3 GAAP earnings per share $0.08 . Lowers FY adjusted earnings per share view to $0.67 to $0.70 . Q3 same store sales fell 4 percent . Sees 2016 capital expenditures $375 million to $400 million . Company reduces fiscal 2016 full year eps guidance to a range of $0.67 to $0.70, citing traffic headwinds . "we've had to contend with an unseasonably cold spring and resulting elevated traffic headwinds" . Fy2016 earnings per share view $0.75, revenue view $7.21 billion -- Thomson Reuters I/B/E/S . On an adjusted basis, inclusive of ann, total inventory at cost at quarter-end was down 9% versus year-ago period . Sees 2016 gross margin 57.5% - 58.0% . Sees FY 2016 total comp sales down 2 - 3% . Earlier this month, we retained accenture to proactively engage with us in an enterprise-wide transformation project . Q3 adjusted earnings per share $0.15 . Q3 sales $1.669 billion .Sees FY revenue about $7.1 billion.  Full Article

BRIEF-Ascena Retail Group Says Q1 Same Store Sales Fell 5 Pct

* ASCENA RETAIL GROUP INC REPORTS FIRST QUARTER RESULTS AND PROVIDES GUIDANCE FOR SECOND QUARTER OF FISCAL 2018; FIRST QUARTER GAAP EPS OF $0.03; NON-GAAP ADJUSTED EPS OF $0.11; COMPARABLE SALES DOWN 5 PCT