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

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silvia Venturini Fendi
Fendi s.r.l

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

February 2017

February 2017

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


Browse Our Archives


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