• Q3 net profit doubled to US$48m from $23.1m
  • Net sales up 77% to $665.5m
  • Justice accounts for $245.1m of $289.8m sales hike

Third quarter profits at women’s wear retailer Dress Barn more than doubled thanks to a strong contribution from new acquisition Justice, as well as a comparable store sales increase of 14%.

“Our fiscal third quarter performance marks a record level of sales and earnings,” said Dress Barn president and CEO David Jaffe.

“We continue to have strong assortments in each of our three brands and see a continuation of the fashion and value trends in the marketplace that are driving our results.”

Click here to view the full company statement.