Home / Knowledge / News / Fashion / Maurices fashion perk up Dress Barn's 13-week net sales

Maurices fashion perk up Dress Barn's 13-week net sales

11
Oct '05
Specialty apparel retailer The Dress Barn Inc announced sales and earnings results for its fourth fiscal quarter and fiscal year ended July 30, 2005.

Net sales for the thirteen-week period ended July 30, 2005, increased 48 percent to $307.1 million compared to the prior year's level of $208.0 million. The increase was driven by the inclusion of results from maurices, which was acquired on January 2, 2005, and a comparable store sales increase of 6 percent for the quarter.

The Company achieved stronger results despite an additional week of sales in the year-ago quarter, which contributed $11.7 million to last year's fourth quarter sales results.

Net earnings for the thirteen-week period ended July 30, 2005 increased 143 percent to $33.6 million, or $1.08 per diluted share, compared to $13.8 million, or $0.45 per diluted share in the prior year's fourteen-week period. There were certain items in both the current and prior year's fourth quarter that skew the year-over-year comparison.

Earnings in the current year's fourth quarter were favorably impacted by an after tax gain of approximately $22.8 million, or $0.73 per diluted share, due to the reversal of a litigation reserve. Also during the fourth quarter, the Company recorded certain additional charges of approximately $3.0 million, or $0.10 per share, primarily related to the write-off of unamortized bank fees from the repayment of its $100 million term loan and consultant fees in connection with Sarbanes-Oxley compliance. Excluding these items, this year's fourth quarter earnings would have been approximately $13.8 million, or $0.45 per diluted share.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 26th Feb 2021

Indonesia imposes ADD on RMG products

Indonesia recently imposed anti-dumping duty (ADD) equivalent to a...

Pic: Shutterstock

Textiles | On 26th Feb 2021

ITC supports boosting Tajik textile-clothing sector's

As part of the International Trade Centre's (ITC) intensive training...

Pic: GOTS

Textiles | On 26th Feb 2021

GOTS certifications grow by 34 per cent in 2020

In 2020, the number of GOTS certified facilities have reported a...

Interviews View All

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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 2021

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


Advanced Search