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Ascena Retail Group Inc (ASNA.OQ)

ASNA.OQ on NASDAQ Stock Exchange Global Select Market

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19 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Ascena Retail Group reports Q4 GAAP loss per share $0.08
Monday, 25 Sep 2017 04:05pm EDT 

Sept 25 (Reuters) - Ascena Retail Group Inc ::Ascena retail group Reports fourth quarter and full year fiscal 2017 results and provides guidance for first quarter of fiscal 2018.Reports Q4 gaap loss per share $0.08.Sees fy 2018 ‍capital expenditures in range of $190 to $220 million​.Sees fy 2018 ‍gross margin rate in range of 58.1% to 58.6%.Q4 adjusted non-gaap earnings per share $0.05.Q4 gaap loss per share $0.08.Q4 sales $1.658 billion versus $1.812 billion.Sees q1 2018 non-gaap earnings per share $0.08 to $0.13.Sees q1 2018 sales $1.58 billion to $1.62 billion.Q4 earnings per share view $-0.03, revenue view $1.57 billion -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.21 -- Thomson Reuters I/B/E/S.Qtrly comparable sales declined 4 percent.Sees ‍q1 2018 comparable sales in range of down 4% to down 5%​.  Full Article

Ascena Retail: Gary Muto appointed president and CEO of Ascena Brands​
Tuesday, 1 Aug 2017 04:18pm EDT 

Aug 1 (Reuters) - Ascena Retail Group Inc :Ascena Retail Group Inc - ‍Gary Muto has been appointed to newly created position of president and CEO of Ascena Brands​.Ascena Retail Group Inc - ‍has consolidated its executive leadership structure​.Ascena Retail Group Inc - expect to deliver $250 to $300 million in cost savings through fiscal 2019.Ascena Retail Group Inc - ‍Brian Lynch has been appointed president and chief operating officer of Ascena Retail Group​.  Full Article

Ascena Retail Group Q3 loss per share $5.29
Thursday, 8 Jun 2017 04:05pm EDT 

June 8 (Reuters) - Ascena Retail Group Inc ::Ascena Retail Group, Inc. reports third quarter results; non-cash impairment drives gaap loss of $5.29 per share; comparable sales down 8 pct on continued traffic headwinds; reports non-gaap eps of $0.05.Q3 loss per share $5.29.Q3 sales $1.565 billion versus $1.669 billion.Reaffirms fy non-gaap earnings per share view $0.10 to $0.15 including items.Ascena Retail Group Inc - reaffirms full year non-gaap eps guidance of $0.10 - $0.15.Ascena Retail Group Inc - qtrly ‍comparable sales down 8% on continued traffic headwinds​.Ascena Retail-‍loss in current quarter includes non-cash pre-tax impairment charge of $1.324 billion to write-down a portion of goodwill and other intangible assets​.Ascena Retail Group-recently increased cost takeout target of change for growth transformation program to a range of $250 to $300 million by fiscal 2019​.Ascena Retail Group Inc - ‍company ended q3 of fiscal 2017 with inventory of $714 million, down 3% from $739 million at end of year-ago period​.Ascena Retail Group Inc - expects to incur a loss on a non-gaap eps basis of $0.06 to $0.01 during q4 of fiscal 2017​.Ascena Retail Group Inc - qtrly ‍non-gaap diluted net income per common share $0.05.Q4 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $0.16 -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.05 -- Thomson Reuters I/B/E/S.  Full Article

Ascena Retail Group sees Q3 FY17 comparable sales down 8%
Wednesday, 17 May 2017 04:08pm EDT 

May 17 (Reuters) - Ascena Retail Group Inc :Ascena Retail Group provides fiscal Q3 and full year 2017 guidance update; identifies significant upside to “change for growth” cost savings target; announces expected non-cash goodwill and intangible asset impairment.Ascena Retail Group Inc sees Q3 FY17 comparable sales down 8%.Ascena Retail Group Inc sees Q3 FY17 non-GAAP EPS $0.04 - $0.06.Ascena Retail Group Inc sees full year 2017 non-GAAP EPS $0.10 - $0.15.Ascena Retail Group Inc sees full year comparable sales down 7% - down 6%.Q3 earnings per share view $0.09 -- Thomson Reuters I/B/E/S.Says "have adjusted our second-half outlook to reflect this environment and limited near term visibility".Ascena Retail Group Inc - co's initiatives are now expected to deliver $250 to $300 million in cost savings as compared to our prior $150 million target.Says "no longer believe it appropriate to expect a stabilization of traffic".Ascena Retail Group Inc - expects to record a material non-cash impairment charge of its goodwill and intangible assets during Q3.Says "believe operating conditions in our sector are likely to remain challenging for next 12 to 24 months".Says now expected to deliver $250 to $300 million in cost savings as compared to our prior $150 million target.  Full Article

Ascena Retail Group reports Q2 loss per share of $0.18
Monday, 6 Mar 2017 04:05pm EST 

Ascena Retail Group Inc : Reaffirms full year non-GAAP EPS guidance of $0.37 - $0.42 . Reports second quarter GAAP EPS loss of $0.18, comparable sales down 4 pct; second quarter non-GAAP EPS loss of $0.07; reaffirms full year non-GAAP EPS guidance of $0.37 - $0.42 . Q2 loss per share $0.18 . Q2 sales $1.748 billion versus $1.842 billion . Sees Q3 2017 non-GAAP earnings per share $0.07 to $0.12 excluding items . Sees FY 2017 non-GAAP earnings per share $0.37 to $0.42 excluding items . Q2 non-GAAP loss per share $0.07 . Sees Q2 2017 GAAP loss per share $0.18 .FY2017 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.  Full Article

Ascena Retail sees Q2 net sales of about $1.75 bln
Wednesday, 18 Jan 2017 08:40am EST 

Ascena Retail Group Inc : Ascena retail - sees Q2 net sales of about $1.75 billion; sees FY 2017 sales of about $6.775 billion - $6.825 billion . Ascena Retail - sees Q2 comp sales down 4.5 percent; sees FY 2017 comp sales down 4 percent to down 3 percent . Q2 revenue view $1.75 billion -- Thomson Reuters I/B/E/S .FY2017 revenue view $6.81 billion -- Thomson Reuters I/B/E/S.  Full Article

Ascena Retail Group reports first quarter results
Thursday, 1 Dec 2016 04:05pm EST 

Ascena Retail Group Inc : Ascena Retail Group, Inc. reports first quarter results . Q1 sales $1.678 billion versus $1.672 billion . Sees FY 2017 non-GAAP earnings per share $0.60 to $0.65 excluding items . Q1 GAAP earnings per share $0.07 . Sees Q2 2017 non-GAAP loss per share $0.00 to $0.05 excluding items . Q1 non-GAAP earnings per share $0.18 .Ascena Retail Group Inc says ended Q1 of fiscal 2017 with inventory of $808 million, down 9%.  Full Article

Ascena Retail Group - ceo David Jaffe's FY 2016 total compensation $4.63 mln
Thursday, 27 Oct 2016 11:00am EDT 

Ascena Retail Group Inc :Ascena retail group inc - CEO David Jaffe's FY 2016 total compensation $4.63 million versus $5.98 million in FY 2015 - sec filing.  Full Article

Ascena Retail says restructured its business into 4 operating segments
Tuesday, 4 Oct 2016 06:14pm EDT 

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 04:07pm EDT 

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 reports Q4 GAAP loss per share $0.08

* Ascena retail group Reports fourth quarter and full year fiscal 2017 results and provides guidance for first quarter of fiscal 2018