Home / Knowledge / News / Apparel/Garments / Sales at Ascena Retail surge 48% in Q1FY'13
Sales at Ascena Retail surge 48% in Q1FY'13
06
Dec '12
Ascena Retail Group, Inc. reported financial results for its fiscal first quarter ended October 27, 2012.

Net sales for the first quarter of Fiscal 2013 increased 48% to $1.138 billion, compared to $768 million for last year’s first quarter on a reported basis. Such increase was largely driven by the inclusion of sales from the newly acquired Lane Bryant and Catherines businesses, along with a 9% increase in sales from the Company’s legacy family of brands.

Consolidated comparable store sales, which include stores open for at least one year but do not include e-commerce sales results, increased by 1% for the period, led by Justice and Catherines each at 4%. E-commerce sales increased by 156% to $83 million on a consolidated basis, and 42% on a comparable basis. On a combined basis, comparable store and e-commerce sales increased by 4%.

On a reported basis, income from continuing operations for the first quarter of Fiscal 2013 was $46.2 million, representing a decrease to the year-ago quarter’s income from continuing operations of $47.5 million. Earnings per share from continuing operations for the first quarter of Fiscal 2013 decreased to $0.29 per diluted share, compared to $0.30 of earnings per diluted share from continuing operations for the first quarter of Fiscal 2012.

Including the discontinued operations of the newly acquired Fashion Bug and Figi’s businesses, which are intended to be disposed of, net income for the first quarter of Fiscal 2013 was $43.1 million and earnings per diluted share were $0.27.

On an adjusted basis, income from continuing operations for the first quarter of Fiscal 2013 was $62.8 million, representing an increase to the year-ago quarter’s income from continuing operations of $51.7 million. Adjusted earnings per share from continuing operations for the first quarter of Fiscal 2013 increased to $0.39 per diluted share, compared to $0.33 of earnings per diluted share for the first quarter of Fiscal 2012.

On a reported basis, gross margin for the first quarter of Fiscal 2013 increased to $655.6 million, or 57.6% of sales, compared to $439.8 million, or 57.2% of sales last year. Gross margin on a reported basis for Fiscal 2013 includes an approximate $20 million non-recurring purchase accounting cost resulting from adjusting the acquired inventory of Charming to fair value as of the date of the acquisition. 

Click here to read the whole result news.

Ascena Retail

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search