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
03
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 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Abhishek Ganguly
Puma India

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

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search