Ascena Retail Group (ASNA) reported earnings on Mon 10 Dec 18 (a/h)

** charts after earnings **

 

Ascena Retail Group beats by $0.02, beats on revs; guides Q2 EPS below consensus, revs in-line; guides FY19 EPS in-line

• Reports Q1 (Oct) earnings of $0.06 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.04; revenues rose 0.1% year/year to $1.59 bln vs the $1.57 bln S&P Capital IQ Consensus.
• Co downside bottom-line guidance for Q2, sees EPS of ($0.25) - ($0.15) vs. ($0.13) S&P Capital IQ Consensus; sees Q2 revs of $1.68-1.71 bln vs. $1.7 bln S&P Capital IQ Consensus.
• Co continues to see EPS of $0.00-0.10 in FY19, supported by low single digit comp growth, with underlying assumptions consistent with its previous guidance issued on September 24, 2018, vs. $0.06 S&P Capital IQ Consensus