US: Ascena Retail posts 8% Q3 profit hike
By just-style.com | 26 May 2011
- Q3 profit up 8% to $51.8m
- Net sales rose 9% to $722.8m
- Comparable store sales increase 6%
Teen apparel retailer Ascena Retail Group Inc has posted an 8% rise in third quarter profit thanks to solid gains across its Dressbarn, Maurices and Justice brands.
"In each of our concepts, we have focused on providing a compelling value proposition to consumers, the success of which is reflected by our continued, across-the-board comparable store sales increases," said CEO David Jaffe.
"As we go forward, we are mindful that today's consumer is under increasing pressure. We are confident that we have struck the right balance of merchandise and pricing and will continue to do so."
By division, same-store sales increased 4% at Dressbarn, rose 11% at Maurices, and climbed 3% at Justice.
The company, which operates 2,500 stores, reaffirmed its full year guidance for earnings in the range of $2.28 to $2.33.
Sectors: Apparel, Finance, Retail
Companies: Dressbarn
View next/previous articles
26 May 2011 -
Currently reading -
US: Ascena Retail posts 8% Q3 profit hike
26 May 2011 -
26 May 2011 -
Related research
Datamonitor's The Dress Barn, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. The Dress Barn, Inc. - SWOT Analysis examines the company’s key business structure and operations, history and prod...
Related articles
There are currently no comments on this article
Be the first to comment on this article