Ascena Retail: Fiscal 4Q Earnings Snapshot
MAHWAH, N.J. (AP) _ Ascena Retail Group Inc. (ASNA) on Monday reported fiscal fourth-quarter net income of $33.2 million, after reporting a loss in the same period a year earlier.
The Mahwah, New Jersey-based company said it had profit of 17 cents per share. Earnings, adjusted for one-time gains and costs, were 7 cents per share.
The owner of clothing retail chains posted revenue of $1.77 billion in the period.
For the year, the company reported that its loss narrowed to $39.7 million, or 20 cents per share. Revenue was reported as $6.58 billion.
For the current quarter ending in November, Ascena Retail expects its results to range from a loss of 4 cents per share to earnings of 6 cents per share.
The company said it expects revenue in the range of $1.54 billion to $1.56 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.55 billion.
Ascena Retail expects full-year revenue in the range of $6.45 billion to $6.55 billion.
In the final minutes of trading on Monday, the company’s shares hit $4.01. A year ago, they were trading at $2.10.