Home / Knowledge / News / Apparel/Garments / maurices stores continue to perform well at Dress Barn

maurices stores continue to perform well at Dress Barn

02
Nov '07
Dress Barn Inc advised that in view of a comparable store sales decline in the low single digits for the first fiscal quarter ended October 27, 2007, the Company now estimates earnings per diluted share in the range of $0.30 to $0.32, compared to $0.40 last year. The Company plans to announce its first fiscal quarter sales and earnings results on November 27, 2007.

Based on the current sales trend, the Company has revised its estimated fiscal 2008 diluted earnings per share in the range of $1.25 to $1.35. The Company's previously announced guidance for full-year earnings was $1.40 to $1.50 per diluted share. This revised earnings guidance is based upon various assumptions, including estimated comparable store sales increases in the low single digits for the remainder of the year.

David R. Jaffe, President and Chief Executive Officer of Dress Barn, Inc. commented, "While maurices stores continue to perform well, with comparable store sales increasing in the high single digit range, our dressbarn stores' sales have particularly been hampered by the unseasonably warm weather during September and October."

"Our focus remains on controlling costs and balancing our dressbarn stores' inventory. The weaker than anticipated comparable store sales and our need to bring our dressbarn stores' inventories into line are expected to negatively impact both our first and second quarters' earnings. We remain optimistic for an improved business performance during the second half of our fiscal year."

Dress Barn Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

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

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

Leave your Comments


February 2020

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


Advanced Search