Company Earnings UpdateAscena (NASDAQ: ASNA) 4Q19 Results: Concentrating on Growing Brands, Ascena Says It Is Not Considering Bankruptcy Coresight Research October 4, 2019 Executive Summary Ascena Retail Group reported fiscal 4Q19 revenues of $1.27 billion, above the consensus estimate of $1.20 billion, but down year over year. The company reported adjusted 4Q19 earnings per share (EPS) of $0.13 excluding items, lower than the year ago period. Ascena’s third quarter comparable sales were flat, compared to a 4% increase in the year-ago period. Due to the closure of the company’s Dressbarn business, the company provided guidance for only the continuing operations of its premium fashion brands, plus fashion brands, and kids segments for 1Q20: The company projects net sales of $1.10-1.12 billion. Management expects comparable sales of negative low single digits. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Sycamore Partners To Acquire Walgreens Boots Alliance—Exploring the Reasons for and Implications of the $23.7 Billion DealWeekly US and UK Store Openings and Closures Tracker 2025, Week 9: Joann To Close an Additional 300+ Stores, Shuttering All LocationsInnovator Profile: Shopeaks—Transforming Social Media Monetization with Personalized StorefrontsUS Tariffs: Who Wins, Who Loses and What It Means for the Economy
