Dress Barn Q3 earnings gain 15%

30 May '07

1 min read

Dress Barn Inc reported sales and earnings results for its fiscal third quarter ended April 28, 2007.

Net sales for the fiscal third quarter ended April 28, 2007 increased 6% to $347.9 million compared to $327.2 million for the fiscal third quarter ended April 29, 2006.

Comparable store sales increased 2% compared to a 7% increase for the same fiscal quarter last year.

Net earnings for the fiscal third quarter ended April 28, 2007 increased 15% to $23.1 million, or $0.33 per diluted share. This compares to net earnings of $20.0 million, or $0.29 per diluted share for the comparable fiscal quarter last year.

Net sales for the fiscal nine months ended April 28, 2007 increased 9% to $1.05 billion compared to $957.0 million reported for the comparable fiscal nine-month period ended April 29, 2006.

Comparable store sales increased 5% compared to a 9% increase for the same fiscal nine-month period last year.

Net earnings for the fiscal nine months ended April 28, 2007 increased 24% to $67.6 million, or $0.97 per diluted share.

This compares to net earnings of $54.5 million, or $0.81 per diluted share for the comparable period last year.

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