Insight Report 2 minutes PremiumAscena Retail (ASNA) Updates Guidance and Cost-Savings Plan Coresight Research May 18, 2017 Executive Summary scena Retail updated guidance in advance of its 3Q17 earnings call and provided an update on its Change for Growth enterprise transformation program. The company cited a highly promotional environment and industrywide headwinds resulting in a reduction of its 3Q sales and earnings outlook. The company lowered its sales guidance for 3Q to (8)%, from prior guidance for a range of (5)% to (4)%, and lowered its full fiscal year comparable sales guidance down to a range of (7)% to (6)%, from previous guidance for a range of (4)% to (3)%. Ascena Retail also lowered its 3Q EPS guidance to $0.04–$0.06, from $0.07–$0.12, and its full fiscal year 2017 EPS guidance to $0.10–$0.15 from $0.37–$0.42 previously. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Seasonal Shopping, 2Q24—Expectations for Memorial Day, Mother’s Day, Father’s Day and Holiday 2024: US Consumer Survey Insights ExtraApril 2023 Monthly Consumer Update: US, UK and ChinaGenerative AI Latest: Content Indemnification, Security Concerns and Response from Chinese GiantsChinese New Year 2023 Review: Early Signs of Consumption Recovery Appear