Ascena Retail Group Inc. (NASDAQ:ASNA) Q1 2020 Earnings Conference Call - Preliminary Transcript
Dec 09, 2019 • 04:30 pm ET
full year, we continue to expect CapEx between $80 million to $100 million down significantly compared to prior years.
And as we stated last quarter cash remains our number one priority. We continue to make progress in right-sizing our cost structure. To better align with the scale of our go-forward business we are well on our way to achieving the $150 million of savings that we previously communicated the bulk of which we are realizing this fiscal year. Through a combination of achieving these savings goals rationalizing our CapEx and maintaining disciplined working capital we are making progress in enhancing our balance sheet. That concludes our prepared remarks. And with that I will turn it back to the operator.