Home / Knowledge / News / Apparel/Garments / Iconic clothing retailer Dress Barn's net sales up
Iconic clothing retailer Dress Barn's net sales up
29
May '08
Dress Barn Inc reported sales and earnings results for the fiscal third quarter ended April 26, 2008. Fiscal Third Quarter Results

Net sales for the third quarter of fiscal year 2008 were $352.6 million, an increase of 1% over $347.9 million for the same quarter a year ago. Sales growth for new stores was partially offset by a comparable store sales decline of 3%.

Net sales for dressbarn stores decreased 5%, including a 6% decline in comparable store sales, to $216.8 million; compared to $228.6 million in the year ago quarter ended April 28, 2007. Net sales for maurices stores increased 14%, including a comparable store sales increase of 4%, to $135.8 million, compared to $119.3 million during the year ago quarter.

Net earnings for the fiscal third quarter ended April 26, 2008 increased to $24.9 million, or $0.39 per diluted share. This compares to $23.1 million, or $0.33 per diluted share in the year ago period.

This year's quarterly earnings per diluted share were favorably impacted by approximately $0.05 primarily due to a decrease in the number of diluted shares from the share conversion feature of the Company's 2.50% Convertible Senior Notes due 2024, and the repurchase of approximately 2.6 million shares in the open market during calendar year 2007. In addition, earnings were also favorably impacted by a reduction to the effective tax rate for certain one-time items.

Fiscal Nine Months Results:
Total net sales for the first nine months of fiscal year 2008 were $1.062 billion, an increase of 1% over $1.047 billion for the fiscal nine-month period a year ago. Comparable store sales decreased 3%.


Must ReadView All

Polyester yarn price surge affects Surat textile industry

Textiles | On 22nd May 2018

Polyester yarn price surge affects Surat textile industry

The prices of polyester yarn have increased about 12-15 per cent in...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Courtesy: Myntra

Fashion | On 22nd May 2018

Myntra to launch exclusive red carpet line at IIFA 2018

India’s leading destination for fashion online, Myntra, is all set to ...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search