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Ascena Retail Group Inc (ASNA.OQ)

ASNA.OQ on NASDAQ Stock Exchange Global Select Market

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24 May 2019
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Latest Key Developments (Source: Significant Developments)

Ascena Retail Group Announces Senior Management Changes
Wednesday, 1 May 2019 04:15pm EDT 

May 1 (Reuters) - Ascena Retail Group Inc ::ASCENA RETAIL GROUP ANNOUNCES SENIOR MANAGEMENT CHANGES.ASCENA RETAIL GROUP INC - DAVID JAFFE, CHAIRMAN AND CEO TO RETIRE; GARY MUTO NAMED CEO.ASCENA RETAIL GROUP INC - CARRIE TEFFNER BECOMES INTERIM EXECUTIVE CHAIR OF BOARD.ASCENA RETAIL GROUP INC - ANNOUNCED DEPARTURE OF BRIAN LYNCH, PRESIDENT AND COO.  Full Article

OpCapita Agrees to Acquire Majority Stake in maurices
Monday, 25 Mar 2019 08:38am EDT 

March 25 (Reuters) - Ascena Retail Group Inc ::OPCAPITA - FORMER GAP BRAND PRESIDENT AND CEO JEFF KIRWAN TO BE EXECUTIVE CHAIRMAN OF MAURICES.OPCAPITA- MAURICES WILL CONTINUE TO BE LED BY GEORGE GOLDFARB, PRESIDENT AND CEO, AND ITS CURRENT MANAGEMENT TEAM.  Full Article

Ascena Retail Group To Sell Majority Stake In Maurices Brand
Monday, 25 Mar 2019 08:30am EDT 

March 25 (Reuters) - Ascena Retail Group Inc ::ASCENA RETAIL GROUP SIGNS DEFINITIVE AGREEMENT TO SELL MAJORITY STAKE IN MAURICES BRAND.ASCENA RETAIL GROUP INC - MAURICES TRANSACTION IS VALUED AT APPROXIMATELY $300 MILLION.ASCENA RETAIL GROUP INC - COMPANY EXPECTS TO RECEIVE ROUGHLY $200 MILLION IN CASH AFTER EXPENSES, WHILE MAINTAINING A SIGNIFICANT MINORITY INTEREST..ASCENA RETAIL GROUP INC - CASH PROCEEDS FROM TRANSACTION WILL BE USED TO PAY DOWN COMPANY'S EXISTING TERM LOAN BALANCE.ASCENA RETAIL GROUP INC - CASH PROCEEDS FROM TRANSACTION MAY BE USED TO FOR REINVESTMENT IN COMPANY'S BUSINESS.ASCENA RETAIL GROUP - CHANGE FOR GROWTH PLAN INITIATED IN 2016 ON TRACK TO DELIVER RUN RATE COST SAVINGS OF $300 MILLION TO OUR COMPANY BY JULY 2019.ASCENA RETAIL GROUP INC - IDENTIFIED, AND DEVELOPED PLANS FOR, AN ADDITIONAL $150 MILLION IN SAVINGS.ASCENA RETAIL GROUP INC - WILL CONTINUE TO SUPPORT MAURICES BRAND ON ITS SHARED BUSINESS SERVICES PLATFORM.ASCENA RETAIL GROUP INC - TO SELL A MAJORITY INTEREST IN MAURICES INCORPORATED TO AN AFFILIATE OF OPCAPITA LLP.  Full Article

Ascena Retail Group Reports Qtrly Earnings Per Share of $0.03
Monday, 10 Dec 2018 04:05pm EST 

Dec 10 (Reuters) - Ascena Retail Group Inc ::ASCENA RETAIL GROUP, INC. REPORTS FIRST QUARTER FISCAL 2019 RESULTS; PROVIDES SECOND QUARTER EARNINGS GUIDANCE; MAINTAINS FULL YEAR GUIDANCE.Q1 COMPARABLE SALES UP 3%.Q1 ADJUSTED EARNINGS PER SHARE $0.06.Q1 EARNINGS PER SHARE $0.03.Q1 SALES $1.592 BILLION.SEES FY 2019 NON-GAAP EARNINGS PER SHARE $0.00 TO $0.10.SEES Q2 2019 NON-GAAP LOSS PER SHARE $0.15 TO $0.25.SEES Q2 2019 SALES $1.675 BILLION TO $1.705 BILLION.ASCENA RETAIL GROUP SEES Q2 2019 NET SALES OF $1.675 BILLION TO $1.705 BILLION .  Full Article

Ascena Retail Group Earnings Per Share $0.06
Monday, 10 Dec 2018 04:05pm EST 

Dec 10 (Reuters) - Ascena Retail Group Inc ::ASCENA RETAIL GROUP, INC. REPORTS FIRST QUARTER FISCAL 2019 RESULTS; PROVIDES SECOND QUARTER EARNINGS GUIDANCE; MAINTAINS FULL YEAR GUIDANCE.Q1 ADJUSTED EARNINGS PER SHARE $0.06.Q1 EARNINGS PER SHARE $0.03.Q1 SALES $1.592 BILLION.SEES FY 2019 NON-GAAP EARNINGS PER SHARE $0.00 TO $0.10.SEES Q2 2019 NON-GAAP LOSS PER SHARE $0.15 TO $0.25.SEES Q2 2019 SALES $1.675 BILLION TO $1.705 BILLION.Q1 COMPARABLE SALES UP 3%.SEES FY 2019 NET SALES OF $1.675 TO $1.705 BILLION.  Full Article

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 to wind down Dressbarn business, shut 650 stores

Ascena Retail Group Inc said on Monday it would wind down its women's budget clothing chain, Dressbarn, shutting about 650 stores in the United States, as it sharpens its focus on profitable brands.