Spring merchandise receives well by shoppers at Dress Barn
14 Apr '09
2 min read
Dress Barn Inc announced that it has experienced improved trends across the Company's businesses. As a result, the Company currently expects to report earnings per diluted share in the range of approximately $0.30 to $0.32 for its fiscal third quarter ending April 25, 2009.
The Company estimates that results for the third quarter are likely to include flat comparable store sales. The Company expects to communicate a narrower fiscal 2009 earnings guidance range when it reports its fiscal third quarter results on May 21, 2009.
David R. Jaffe, President and Chief Executive Officer stated, “We are pleased with a good reception to our Spring merchandise assortment of fresh, fashion-forward looks at excellent value. We are also benefiting from our prior actions to create a clean inventory position. Finally, our cost cutting initiatives have improved our overall efficiency.
Our planning continues to assume a challenging market environment, and we will remain vigilant on further improving our business. We remain well positioned, particularly given our strong balance sheet, to deliver good financial results and to be in a position to create value to our shareholders.”
The Company also noted that it will participate at the UBS Specialty Retail Conference which will be held at One International Place, Boston, Massachusetts on Tuesday, April 14, 2009.
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