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Ascena Retail reports strong fiscal fourth quarter
05
Aug '11
Ascena Retail Group Inc, reported its fiscal 2011 sales results for the fourth quarter and year ended July 30, 2011. The Company noted that fiscal 2011 represented a 52-week period, while fiscal 2010 represented a 53-week period.

Net sales for the thirteen-week fiscal fourth quarter increased 2% to $725.8 million, compared to $710.9 million for the fourteen-week fiscal fourth quarter ended July 31, 2010. Excluding the sales impact of the extra week included in the prior year's quarter, sales increased 11%. Consolidated comparable store sales, which includes stores open for at least one year, increased 7% on a 13-week comparable basis for the fiscal fourth quarter.

Net sales for the fiscal year ended July 30, 2011 increased 23% to $2.91 billion, compared to $2.37 billion for the fiscal year ended July 31, 2010. On a full year basis, the increase was primarily due to the inclusion of Justice for the full year period compared to a partial period in the prior year, which included sales from the merger date of November 25, 2009. Consolidated comparable store sales for the fiscal year increased 6%.

Ascena Retail Group, Inc. was created as a public company effective January 1, 2011. The Company is a leading national specialty retailer of apparel for women and tween girls, operating, through its wholly-owned subsidiaries, the dressbarn, maurices and Justice brands. The Company operates through its subsidiaries approximately 2,500 stores throughout the United States and Canada, with revenues of approximately $2.9 billion.

Ascena Retail Group Inc

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