MAHWAH, N.J. (AP) _ Ascena Retail Group Inc. (ASNA) on Monday reported a loss of $97.4 million in its fiscal second quarter.
The Mahwah, New Jersey-based company said it had a loss of $9.76 per share. Losses, adjusted for one-time gains and costs, were $4.95 per share.
The owner of clothing retail chains posted revenue of $1.22 billion in the period.
For the current quarter ending in May, Ascena Retail said it expects revenue in the range of $1.05 billion to $1.08 billion.
In the final minutes of trading on Monday, the company's shares hit $2.87. A year ago, they were trading at $38.20.