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Dress Barn declares record Q4 & fiscal 2006 results
27 Sep '06
2 min read
Net earnings for the fiscal year ended July 29, 2006 increased to a record level of $79.0 million, or $1.15 per diluted share. This compares to a reported $52.6 million, or $0.86 per diluted share in the prior year.
Once again, primarily excluding the litigation reserve reversal discussed above, earnings per diluted share increased 95 percent to $1.15 per diluted share versus earnings per diluted share of $0.59 for the prior fiscal year.
Reaffirms Fiscal July, 2007 Earnings Guidance
For the fiscal year ending July 28, 2007, the Company reaffirms its previously estimated earnings per diluted share guidance in the range of $1.25 to $1.30, which represents a 9 percent to 13 percent increase over actual per diluted share earnings of $1.15 for fiscal 2006.
This estimate is based upon certain key assumptions previously announced.
Once again, primarily excluding the litigation reserve reversal discussed above, earnings per diluted share increased 95 percent to $1.15 per diluted share versus earnings per diluted share of $0.59 for the prior fiscal year.
Reaffirms Fiscal July, 2007 Earnings Guidance
For the fiscal year ending July 28, 2007, the Company reaffirms its previously estimated earnings per diluted share guidance in the range of $1.25 to $1.30, which represents a 9 percent to 13 percent increase over actual per diluted share earnings of $1.15 for fiscal 2006.
This estimate is based upon certain key assumptions previously announced.
Dress Barn Inc
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