The Company reaffirms guidance for earnings per diluted share for the fiscal year ending July 2012 in the range of $2.55 to $2.65. This estimate is based upon various assumptions for the year, including a mid-single digit increase in comparable store sales. The Company plans to open approximately 125 to 135 stores and close 30 to 35 stores, ending fiscal 2012 with approximately 2,600 dressbarn, maurices and Justice stores in operation.
Ascena Retail Group, Inc. is a leading national specialty retailer of apparel for women and tween girls, operating through its wholly-owned subsidiaries, the dressbarn, maurices and Justice brands. The Company operates through its subsidiaries over 2,500 stores throughout the United States, Puerto Rico and Canada, with annual revenues of approximately $2.9 billion.