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Ascena Retail Group Inc (ASNA.O)

ASNA.O on Nasdaq

8.18USD
27 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

Ascena Retail Group Inc announces $200 million stock repurchase program authorization
Tuesday, 15 Dec 2015 04:29pm EST 

Ascena Retail Group Inc:Announces $200 million stock repurchase program authorization.Program replaces the existing stock repurchase program amended in Fiscal 2011, which had a remaining authorization of approximately $90 million.  Full Article

Ascena Retail Group Inc gives FY 2016 outlook
Wednesday, 16 Sep 2015 07:30am EDT 

Ascena Retail Group Inc:Sees FY 2016 adjusted earnings per diluted share (EPS) from continuing operations in the range of $0.75 to $0.80.Expects FY 2016 top-line sales in the range of $7.3 billion to $7.4 billion.Expects FY 2016 EBITDA in the range of $670 million to $700 million.Says guidance includes impact of acquisition of ANN INC. on a pro forma basis for entire fiscal year, and impact of incremental shares issued as a result of acquisition.Says guidance excludes any acquisition and integration expenses that may be incurred during fiscal year.  Full Article

Ascena retail group Inc announces completion of acquisition of Ann Inc
Friday, 21 Aug 2015 10:45am EDT 

Ascena Retail Group Inc:Completes acquisition of Ann Inc for combination of cash and ascena stock in an accretive transaction.Says with the completion of the merger, ANN INC. shares will be delisted from the NYSE and trading will cease at the close of business on Aug.21.Says ANN INC. will continue to operate as a wholly-owned subsidiary of ascena.  Full Article

Ascena retail group gives FY 2015 EBITDA guidance below analysts' estimates; lowers FY 2015 EPS guidance
Friday, 10 Jul 2015 04:35pm EDT 

Ascena retail group:Expects FY 2015 adjusted EBITDA from continuing operations in the range of $365 million to $375 million.Expects FY 2015 adjusted earnings per diluted share from continuing operations in the range of $0.57 to $0.60 as compared to its prior expectation of $0.70 to $0.75 per share.FY 2015 EBITDA of $397 million and EPS of $0.70 - Thomson Reuters I/B/E/S.  Full Article

Ascena retail group reaffirms FY 2015 EPS guidance
Tuesday, 2 Jun 2015 04:03pm EDT 

Ascena retail group:Reaffirms guidance for adjusted earnings per diluted share from continuing operations in the range of $0.70 to $0.75 for FY 2015.FY 2015 EPS of $0.71 - Thomson Reuters I/B/E/S.  Full Article

Ascena retail group to acquire ANN INC for $47 per share in accretive transaction
Monday, 18 May 2015 07:30am EDT 

Ascena retail group:Enters into a definitive merger agreement under which ascena will acquire ANN INC. for a combination of cash and stock in an accretive transaction.Upon closing, ANN INC. stockholders will receive $37.34 in cash and 0.68 of a share of ascena common stock in exchange for each share of ANN common stock.Based upon the closing price of ascena stock on May 15 this implies a price per share of $47.00, a 21.4% premium over the closing price of ANN shares on Friday, May 15.At closing, ANN stockholders will own approximately 16% of ascena.Says the transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close in the second half of 2015.Says transaction does not require approval by ascena stockholders.  Full Article

Ascena Retail Group Inc reaffirms FY 2015 EPS outlook
Tuesday, 3 Mar 2015 04:02pm EST 

Ascena Retail Group Inc:Reaffirms guidance for adjusted earnings per diluted share from continuing operations in the range of $0.70 to $0.75 for FY 2015.FY 2015 EPS of $0.73 - Thomson Reuters I/B/E/S.  Full Article

Ascena Retail Group, Inc. closes Brothers Brand
Tuesday, 17 Feb 2015 01:00pm EST 

Ascena Retail Group, Inc:Announced that as part of a strategic review of its Justice business, it has decided to close its Brothers brand.Operations are expected to be fully wound down by the end of the company's fiscal year.  Full Article

Ascena Retail Group Inc reaffirms FY 2015 EPS outlook - Conference Call
Wednesday, 11 Feb 2015 12:15pm EST 

Ascena Retail Group Inc:Expects FY 2015 adjusted earnings per share in the range of $0.70 to $0.75.FY 2015 EPS of $0.73 - Thomson Reuters I/B/E/S.  Full Article