$ASNA (Ascena Retail Group Inc.)

$ASNA {{ '2016-09-19T21:16:32+0000' | timeago}} • Webcast

CapEx for $ASNA in 4Q16 was $116MM, which includes investment in the multi-year omni-channel project and activity to support ANN integration. For FY16, CapEx was $367MM, which was below the lower end of the guidance rage. On unit development, the company said it opened 37 stores and closed 26 in 4Q16.

$ASNA {{ '2017-09-25T20:53:11+0000' | timeago}} • Announcement

$ASNA said that as part of its transformation efforts, the company is investing in leading edge planning and marketing capabilities to support top-line growth and improved margin. The company also remains on track to deliver cost savings of $250-300MM.

$ASNA {{ '2017-09-25T20:47:48+0000' | timeago}} • Announcement

Specialty retailer $ASNA reported a 4Q17 net loss, driven by the comp sales decline of 4% and costs linked to the company's Change for Growth transformation program. Net loss was $15.8MM or $0.08 per share vs. a net income of $13.8MM or $0.07 per share a year ago. Revenue declined 8.5% to $1.65Bil. Adjusted EPS was $0.05 per share.

$ASNA {{ '2017-08-02T15:51:26+0000' | timeago}} • Announcement

$ASNA, a retail group, appointed Gary Muto to the newly created position of President and CEO of ascena Brands, with responsibility to drive top-line growth. Brian Lynch is new President and COO of $ASNA. Muto and Lynch will continue to report to Chairman and CEO David Jaffe. $ASNA expects this to deliver $250-300MM in cost savings through FY19.

$ASNA {{ '2017-06-08T20:39:48+0000' | timeago}} • Announcement

For 4Q17, $ASNA expects to incur a loss on a non-GAAP EPS basis of $0.06 to $0.01 and expects FY17 non-GAAP EPS in the range of $0.10 to $0.15.

$ASNA {{ '2017-06-08T20:37:05+0000' | timeago}} • Announcement

Specialty retailer $ASNA reported a net loss for 3Q17, driven by a non-cash pre-tax impairment charge of $1.3Bil. Net loss for the quarter was $1.03Bil or $5.29 loss per share compared to a net income of $0.15Bil or $0.08 per share a year ago. Revenue declined 6.24% to $1.56Bil, driven by a 8% comparable sales decline.

$ASNA {{ '2017-06-08T20:27:34+0000' | timeago}} • Announcement

Retail chain $ASNA appointed Marc Lasry and Stacey Rauch as members of its board of directors, effective immediately. Earlier, Lasry had served as a member of the board from February 2004 to October 2006. Rauch is a Director Emeritus of McKinsey and Company, where she was a leader in McKinsey's Retail and Consumer Goods Practices.

$ASNA {{ '2017-05-18T13:12:39+0000' | timeago}} • Announcement

$ASNA said it is in the process of completing that analysis and expects to record a material non-cash impairment charge of its goodwill and intangible assets during 3Q17.

$ASNA {{ '2017-05-18T13:11:18+0000' | timeago}} • Announcement

$ASNA now expects 3Q17 non-GAAP EPS of $0.04-0.06 and comparable sales to decline 8%. For 2017, the company now predicts non-GAAP EPS of $0.10-0.15 and comparable sales to decrease 7-6%. $ASNA identified significant upside to change for growth cost savings target.

$ASNA {{ '2017-03-06T22:04:10+0000' | timeago}} • Webcast

$ASNA is nearing completion of the ANN Inc integration activity and remains on track to realize the combined $235MM target in deal synergies and cost savings. The company is committed to $150MM in cost savings by FY19. This is comprised of operating model efficiencies and non-merchandise procurement savings.

$ASNA {{ '2017-03-06T21:57:01+0000' | timeago}} • Webcast

In 2Q17, $ASNA’s Plus Fashion segment comparable sales were down 4% on a 10% decline in store traffic. Lane Bryant comparable sales were down 5% while Catherines delivered flat comps. Comparable sales in the Kids Fashion segment were down 1% on a 3% decline in store traffic.

$ASNA {{ '2017-03-06T21:51:23+0000' | timeago}} • Webcast

During 2Q17, comparable sales in $ASNA’s Premium Fashion segment were down 5% on a 9% decline in store traffic. LOFT comparable sales were down 2% on an 8% decline in store traffic. Ann Taylor comparable sales were down 9% on an 11% decline in store traffic. Comparable sales in the Value Fashion segment were down 6% on an 11% decline in traffic.

$ASNA {{ '2017-03-06T21:44:58+0000' | timeago}} • Webcast

$ASNA saw the trend towards ecommerce transactions and the growing influence of online engagement on traditional brick-and-mortar activity across its sector. The company invested heavily in its omnichannel platform over a multi-year period and it continues to evolve its organization to serve customers in this new retailing paradigm.

$ASNA {{ '2017-03-06T21:26:42+0000' | timeago}} • Announcement

$ASNA expects adjusted EPS to be $0.07-0.12 during 3Q17 and $0.37-0.42 for full year 2017.

$ASNA {{ '2017-03-06T21:26:04+0000' | timeago}} • Announcement

$ASNA opened 13 new stores during 2Q17 and closed 55 stores. The company ended 2Q17 with 4,878 stores.  Capital expenditures totaled $48MM in 2Q17.

$ASNA {{ '2017-03-06T21:25:41+0000' | timeago}} • Announcement

$ASNA reported a net loss of $35MM or $0.18 per share in 2Q17 compared to a net loss of $23MM or $0.12 per share in 2Q16. Net sales were $1.748Bil compared to $1.842Bil in the year-ago period. The decrease in sales reflected the impact of the 4% comparable sales decline.

$ASNA {{ '2016-12-12T14:30:14+0000' | timeago}} • Announcement

$ASNA announced the appointment of David Jaffe as Chairman of the Board. Mr. Jaffe also serves as the company's President and CEO. David Jaffe succeeds company co-founder Elliot S. Jaffe who retired as Non-Executive Chairman of the Board of Directors.

$ASNA {{ '2016-12-02T00:19:42+0000' | timeago}} • Webcast

$ASNA's comp sales in Premium Fashion segment were down 6%, with LOFT comp sales down 3% on an 8% store traffic decline and Ann Taylor comp sales down 11% on a 13% decline in store traffic. Comp sales in Value Fashion segment were down 6%, with both maurices and dressbarn down mid-single digits.

$ASNA {{ '2016-12-01T23:56:00+0000' | timeago}} • Webcast

$ASNA's comp sales in Plus Fashion segment were down 5%, with Lane Bryant comp sales down 4% on an 8% decline in store traffic and Catherines comp sales down 10% on a 5% store traffic decline. Kids Fashion comp sales down 1% with 3% decline in store traffic.

$ASNA {{ '2016-12-01T23:54:31+0000' | timeago}} • Webcast

$ASNA opened 29 new stores and closed 15 stores, ending in a total of 4,920 stores in 1Q17. The company ended 1Q17 with inventory of $808MM, including about $23MM of unamortized inventory step-up related to the ANN acquisition.

$ASNA {{ '2016-12-01T23:50:14+0000' | timeago}} • Webcast

$ASNA reduced operating costs and planned capital expenditures that will benefit FY17 earnings and free cash flow. The company is focused on the areas of the business that it can control and expects to drive down inventory levels, execute cost controls, and build a more flexible and responsive organization in general.

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