The Dress Barn Earning Call, Second Quarter 2009
20th February 2009 00:00 AM |
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| The company recorded a loss of $1.1 million, or 2 cents per share, compared with a profit of $7.4 million, or 12 cents per share, a year ago. |
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| Revenue declined less than 1% to $343.2 million from $345.6 million last year. Same-store sales dropped 4% overall. At the company’s namesake stores, same-store sales fell 6%, while at its Maurice’s stores, same-store sales dropped 2%. The company backed its fiscal 2009 profit guidance. |
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The Dress Barn Earnings Call, Fourth Quarter 2008
19th September 2008 00:00 AM |
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| Net earnings were $22.1 million, or 34 cents per share, compared to net earnings of $33.6 million, or 48 cents per share for the same period a year ag |
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| Net sales increased 1% to $382.3 million versus a year-ago quarter. The increase reflected the overall growth from new stores but offset by a comparable store sales decline of 2%. Sales transactions decreased 4% to last year while average dollar sales remained flat at $63.59, with units per transaction also flat to last year at three. Gross profit came in at 39.5%, declined 360 basis points compared to last year. |
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Dress Barn Earnings Call, Third Quarter 2008
29th May 2008 00:00 AM |
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| Given the uncertain economic environment, the firm manages the business conservatively with focus on keeping inventories and costs in line. |
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| The specialty apparel retailer reported an earnings increase of 8% to $24.9 million or 39 cents a share, as total sales increased 1% to $352.6 million, versus $347.9 million last year, while comparable store sales decreased 3%. While the sales results reflect the continued slowdown in consumer spending, the firm controlled inventory and saw strong merchandise margins. |
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The Dress Barn Second Quarter Earnings Call
4th March 2008 00:00 AM |
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| Net sales increased 2% to $345.6 million from $340.3 million in 2006 on sales growth from new stores though comparable store sales dropped 4%. |
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| The apparel retailer reported a 56.5% decrease in earnings to $7.4 million or 12 cents per share from $17 million or 24 cents in 2006, reflective of the highly promotional retail environment. Aggressive promotions resulted in a lower average unit price, with the corresponding effect on margin. The firm continues to search for strategic acquisitions and has a Board approval for $100 million stock buy back though no purchases have been made yet it is building cash for potential acquisitions. |
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The Dress Barn Fourth Quarter Earnings Call
26th September 2007 00:00 AM |
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| Profit increased 38% to $33.6 million, beating market expectations, driven by higher sales. |
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| Women''s clothing retailer reported revenue increase of 11% to $379.9 million, surpassing analysts’ expectations of $376.9 million. Same-store sales rose 5%. The company recognized, within net sales, $3.7 million from the non-redemption of a portion of gift cards and gift certificates sold, and merchandise credits issued. The company completed the $75 million share repurchase program by recently repurchasing 2.6 million of total outstanding shares at cost of approximately $48.3 million. |
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