News Flash

Net sales for maurices perk up 16.5% to $135.5

28 Nov '07

3 min read

As a result, we have increased promotional activity to reduce seasonal inventory. There has been some recent improvement in the sales trend of our dressbarn stores towards the end of the quarter, but we expect an increased promotional retail environment for much of this holiday season."

New Store Openings and Closings:
During the first quarter of 2008, the Company opened 31 stores; 17 dressbarn stores and 14 maurices stores, while closing three dressbarn stores, resulting in a total net square footage growth of approximately 2%.

New $100 Million Share Repurchase Program:
During the quarter, the Company completed its $75 million share repurchase program and its Board of Directors authorized a new program to repurchase up to $100 million of Dress Barn, Inc. Common Stock. The program authorizes the repurchase of Dress Barn Common Stock through open market purchases and/or privately negotiated transactions and will be subject to applicable SEC rules.

Fiscal July 2008 Reaffirms Guidance:
The Company reaffirms its recently announced guidance for earnings per diluted share for fiscal 2008 in the range of $1.25 to $1.35. This estimate is based upon various assumptions, including estimated comparable store sales increases in the low single digits for the remainder of the year.

Dress Barn Inc

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