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Ascena Retail Group Inc (ASNA.OQ)

ASNA.OQ on NASDAQ Stock Exchange Global Select Market

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21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Ascena Retail ‍Entered Into Fifth Amendment For Existing Revolving Credit Agreement
Monday, 5 Mar 2018 05:00pm EST 

March 5 (Reuters) - Ascena Retail Group Inc ::ASCENA RETAIL GROUP INC - ‍ENTERED INTO FIFTH AMENDMENT AGREEMENT THAT AMENDS CO'S EXISTING REVOLVING CREDIT AGREEMENT DATED AS OF AUG 21, 2015​.ASCENA RETAIL GROUP INC - ‍2018 REVOLVING CREDIT AGREEMENT PROVIDES A SENIOR SECURED ASSET BASED REVOLVING CREDIT FACILITY OF $500 MILLION​.ASCENA RETAIL GROUP - ‍REVOLVING CREDIT FACILITY ALSO MAY BE USED FOR ISSUANCE OF LETTERS OF CREDIT AND INCLUDES $200 MILLION LETTER OF CREDIT SUBLIMIT ​.ASCENA RETAIL GROUP-2018 AGREEMENT PROVIDES SENIOR SECURED ASSET BASED REVOLVING CREDIT FACILITY OF $500 MILLION WITH OPTIONAL INCREASE OF UP TO $200 MILLION​.  Full Article

Ascena Retail Group Reports Q2 GAAP Loss Per Share $0.20
Monday, 5 Mar 2018 04:05pm EST 

March 5 (Reuters) - Ascena Retail Group Inc ::ASCENA RETAIL GROUP, INC. REPORTS SECOND QUARTER RESULTS AND PROVIDES GUIDANCE FOR THIRD QUARTER OF FISCAL 2018; SECOND QUARTER GAAP EPS LOSS OF $0.20; NON-GAAP ADJUSTED EPS LOSS OF $0.12; COMPARABLE SALES DOWN 2%.REPORTS Q2 GAAP LOSS PER SHARE $0.20.Q2 ADJUSTED NON-GAAP LOSS PER SHARE $0.12.Q2 GAAP LOSS PER SHARE $0.20.Q2 SALES $1.719 BILLION VERSUS $1.748 BILLION.SEES Q3 2018 NON-GAAP LOSS PER SHARE $0.07 TO $0.12.SEES Q3 2018 SALES $1.48 BILLION TO $1.52 BILLION.REMAIN ON TRACK TO ACHIEVE $300 MILLION IN COST SAVINGS BY JULY 2019.ASCENA RETAIL GROUP - ENDED Q2 OF FISCAL 2018 WITH INVENTORY OF $600 MILLION, DOWN 11% FROM $676 MILLION AT END OF YEAR-AGO PERIOD.SEES COMPARABLE SALES IN RANGE OF DOWN 3% TO DOWN 5% FOR Q3.FOR THREE MONTHS ENDED JANUARY 27, 2018, RECORDED TAX BENEFIT OF $22 MILLION ON PRE-TAX LOSS OF $61 MILLION.  Full Article

Ascena Retail Group Announces Holiday Sales Results
Monday, 8 Jan 2018 08:00am EST 

Jan 8 (Reuters) - Ascena Retail Group Inc ::ASCENA RETAIL GROUP, INC. ANNOUNCES HOLIDAY SALES RESULTS AND REAFFIRMS FISCAL 2018 SECOND QUARTER EARNINGS PER SHARE GUIDANCE.- ‍ TOTAL ASCENA COMPARABLE SALES FOR HOLIDAY PERIOD DOWN 3%​.ASCENA RETAIL GROUP - ‍REAFFIRMING Q2 EARNINGS GUIDE OF A 7 TO 12 CENT LOSS PER SHARE, EXCLUDING POTENTIAL IMPACT FROM RECENTLY ENACTED TAX REFORM​.ASCENA RETAIL GROUP, INC. ANNOUNCES HOLIDAY SALES RESULTS AND REAFFIRMS FISCAL 2018 SECOND QUARTER EARNINGS PER SHARE GUIDANCE.Q2 EARNINGS PER SHARE VIEW $-0.10 -- THOMSON REUTERS I/B/E/S.  Full Article

Ascena Retail Group Says Q1 Same Store Sales Fell 5 Pct
Monday, 4 Dec 2017 04:07pm EST 

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 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

BRIEF-Ascena Retail Increased Size Of Board To Eleven Directors

* ASCENA RETAIL GROUP INC - ON MAY 15, 2018, BOARD OF CO INCREASED SIZE OF BOARD TO ELEVEN DIRECTORS - SEC FILING Source text: (https://bit.ly/2L8N08d) Further company coverage: