Home / Knowledge / News / Apparel/Garments / Q2 FY16 gross margin up 44.72% at Ascena Retail
Q2 FY16 gross margin up 44.72% at Ascena Retail
Mar '16
Ascena Retail, a US based group of brands for apparel and accessories, saw a rise of 44.72 per cent to $958.1 million in its gross margin in the second quarter of fiscal 2016, ending on January 23, 2016, as compared to $662 million in the corresponding quarter last fiscal, according to a press statement released by the group.

Net income for Q2 of FY16 was $22.6 million as compared to $8.7 million in the second quarter of fiscal 2015, ending on January 24, 2015.

Diluted EPS for the quarter was $0.12 as compared to $0.05 in the same quarter last fiscal.

Net sales for this period stood at $1,841.8 million as compared to $1,288.6 million in the previous quarter, showing a rise of 42.93 per cent.

Commenting on the results, David Jaffe, president and CEO of Ascena Retail Group said, “Our second quarter earnings performance came in just above the pre-announced range we shared in mid-January, mainly due to the strengthening performance at Loft and margin rate favourability at Justice.”

“We exited the second quarter with inventory well-managed, and will remain disciplined in this area as we continue to navigate the dynamic consumer landscape,” he added. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Cindy McNaull

We have broad range of options in durable fabrics

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Giorgio Mantovani
Corman S.p.A

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search