|Bid||1.0700 x 1800|
|Ask||1.0900 x 40700|
|Day's Range||1.0200 - 1.1100|
|52 Week Range||1.0200 - 5.2900|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 3, 2019 - Jun 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.83|
Ascena's conservative financial policies and good liquidity over the next 12-18 months provide key credit support, including solid positive free cash flow, ample revolver availability and a lack of near term maturities. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
plunged on Friday after the owner of Ann Taylor, Justice and Dressbarn said fiscal third-quarter results will miss analysts' estimates and said it was less confident of future sales. Of concern for investors, however, was Ascena's revised fiscal third-quarter guidance, which the company said will now be a loss of between 35 cents and 45 cents - significantly steeper than the break-even figure analysts surveyed by FactSet had been expecting. "While we believe the challenging selling environment is the result of macro headwinds impacting our sector, our third-quarter outlook represents an unacceptable profit shortfall to the expectations we shared at the beginning of our fiscal year," CEO David Jaffe said in a statement.
Key TakeawaysThe company singled out its Value unit, which includes Dressbarn and Maurices, as operating at an “unacceptable level of profitability,” and said it took a “step back” at the Plus and Kids divisions. It blamed last quarter’s performance on “macro headwinds” and didn’t give a full-year update, saying it has less visibility on sales trends.Analyst Steven Marotta at CL King said the problems are likely not brand specific as all showed “a similarly decelerating dynamic,” while Dana Telsey at Telsey Advisory Group cited difficult traffic trends and an uptake in spring demand that hasn’t yet materialized.Like many retailers, Ascena has been forced to shutter underperforming stores as consumer shopping habits change and sales shift online.
Lane Bryant will debut a 10-piece spring-ready collection with Rochelle Johnson of Beauticurve, the second influencer co-designed collaboration for the brand COLUMBUS, Ohio , March 15, 2019 /PRNewswire/ ...
Ascena Retail Group Inc. late Thursday reported a wider-than-expected fiscal second-quarter loss, missed on sales, and said it was ready to fast-forward plans to rein in its cost structure on a bleaker third-quarter outlook. Shares were halted in the extended session ahead of the quarterly report, and fell more than 20% when trading resumed. The parent company of Ann Taylor, Dressbarn and other apparel brands said it lost $71.5 million, or 36 cents a share, in the quarter, compared with a loss of $39.3 million, or 20 cents a share, in the year-ago period. An increase in comparable sales "was more than offset by the impact of a lower gross margin rate and a lower benefit related to income taxes," Ascena said. Adjusted for one-time items, Ascena lost 26 cents a share in the quarter, compared with an adjusted loss of 12 cents a share a year ago. Sales fell to $1.69 billion, compared with $1.72 billion a year ago. Analysts polled by FactSet had expected Ascena to report an adjusted loss of 25 cents a share on sales of $1.71 billion. Chief Executive David Jaffe pinned the results in part to "macro headwinds" in retail, but faulted the company's third-quarter outlook as "an unacceptable profit shortfall to the expectations we shared at the beginning of our fiscal year. As a result, we are working to accelerate plans that were already in development to take much more fundamental action to address our cost structure," he said in a statement. For the third quarter, the company said it expects a non-GAAP loss between 45 cents and 35 cents a share and net sales between $1.43 billion and $1.46 billion on a retreat in comparable-store sales between 4% and 2%. The analysts surveyed by FactSet had expected a break-even third quarter for Ascena on sales of $1.5 billion.
MAHWAH, N.J. (AP) _ Ascena Retail Group Inc. (ASNA) on Thursday reported a loss of $71.5 million in its fiscal second quarter. Losses, adjusted for restructuring costs and non-recurring costs, came to 26 cents per share. For the current quarter ending in May, Ascena Retail expects its results to range from a loss of 45 cents per share to a loss of 35 cents per share.
Second Quarter Comparable Sales Up 2%; GAAP EPS Loss of $0.36; Adjusted EPS Loss of $0.26
Despite the REIT's sufficient liquidity position and coverage ratios, the company's operating results over the last 12 months are not commensurate with a Baa1 stable rated issuer. Management's 2019 guidance for lower occupancy levels and negative same store growth are also important drivers for the negative outlook. While the REIT's portfolio was 97% occupied at year-end, same-center NOI for Tanger's consolidated portfolio was down 1.3% compared to the same period a year ago.
ascena retail group, inc. today announces the release of its Fiscal 2019 second quarter financial results will take place on Thursday, March 14, 2019.
Ascena Retail Group Inc NASDAQ/NGS:ASNAView full report here! Summary * Bearish sentiment is moderate and declining Bearish sentimentShort interest | NeutralShort interest is moderately high for ASNA with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on March 1. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ASNA had net inflows of $1.88 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
MAHWAH, N.J., March 1, 2019 /PRNewswire/ -- ascena Foundation is proud to announce that the 2019 Roslyn S. Jaffe Awards nomination period is officially open. The Roslyn S. Jaffe Awards Program, now proudly in its sixth year, aims to empower and provide financial support to the organizations of three everyday heroes who are making the world a better place for women and/or children through innovative and entrepreneurial social reform, specifically in the areas of health, education, leadership development, and self-esteem. The Grand Prize winner organization will receive a grant of $100,000 and the two Runner-Up organizations will each receive $25,000 grants to use toward furthering their organizations' work.
Ascena Retail (ASNA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
COLUMBUS, Ohio, Feb. 15, 2019 /PRNewswire/ -- Today, intimate apparel brand Cacique debuted new brand ethos rooted in self-love, inclusivity and femininity across the brand: for the Love of Curves. With inclusive brand imagery highlighting curves of all shapes and sizes, for the Love of Curves unveils an exciting new chapter in Cacique's thirty years of expertise dressing curves. "For the Love of Curves draws upon the emotional connection a woman has with her intimate apparel," said Cacique Executive Vice President, General Merchandise Manager Marcy Schaffir.
Already, 2,187 store closures have been announced by retailers in 2019, according to Coresight Research. Another wave of store closures is expected to hit shopping centers and malls this year with "no light at the end of the tunnel," according to a new research report.
NEW YORK, Feb. 12, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
COLUMBUS, Ohio, Jan. 22, 2019 /PRNewswire/ -- Catherines Plus Sizes is thrilled to announce that the Brand has raised over $132K in support of the American Diabetes Association (ADA). Since 2009, Catherines has raised more than $1.4M to support the ADA's mission to prevent and cure diabetes and to improve the lives of all those affected by diabetes. "We are thankful to Catherines for their generosity by raising funds that support the ADA as we fight to bend the curve on diabetes," said Chief Executive Officer of the ADA Tracey D. Brown.