Interviews
News Flash
Maurices fashion perk up Dress Barn's 13-week net sales
11 Oct '05
3 min read
Earnings results in the prior year period were favorably impacted by a $3.8 million after tax contribution for the extra reporting week and the reversal of tax reserves. These items increased earnings per share by approximately $0.12. Excluding the impact of these items, last year's earnings would have been approximately $10.0 million, or $0.33 per diluted share.
Full-Year Results
Net sales for the fifty-two week period ended July 30, 2005 increased 33 percent to $1 billion compared to $754.9 million reported for the fifty-three week fiscal period ended July 31, 2004. Comparable store sales increased 5 percent for the fiscal year and include the operations from maurices as of January 2, 2005.
Net earnings for the fiscal year ended July 30, 2005 increased 70 percent to $52.6 million, or $1.72 per diluted share. This compares to $30.9 million, or $1.03 per diluted share as reported for the fifty-three week period ended July 31, 2004.
This year's earnings, excluding the impact of the previously noted items, would have been approximately $36.2 million, or $1.18 per diluted share. Excluding the favorable impact of the extra reporting week and the reversal of the previously noted tax reserves, last year's earnings would have been approximately $27.1 million, or $0.90 per diluted share.
Specialty apparel company The Dress Barn Inc operates chain of off-price women's apparel stores offering career fashions such as sportswear, dresses, suits, blazers and accessories to working women. With almost 800 stores across the country, dressbarn strives to maintain its distinctive position in the marketplace by providing its own private labels and contemporary fashions at great value in an environment that is friendly and trustworthy.
Full-Year Results
Net sales for the fifty-two week period ended July 30, 2005 increased 33 percent to $1 billion compared to $754.9 million reported for the fifty-three week fiscal period ended July 31, 2004. Comparable store sales increased 5 percent for the fiscal year and include the operations from maurices as of January 2, 2005.
Net earnings for the fiscal year ended July 30, 2005 increased 70 percent to $52.6 million, or $1.72 per diluted share. This compares to $30.9 million, or $1.03 per diluted share as reported for the fifty-three week period ended July 31, 2004.
This year's earnings, excluding the impact of the previously noted items, would have been approximately $36.2 million, or $1.18 per diluted share. Excluding the favorable impact of the extra reporting week and the reversal of the previously noted tax reserves, last year's earnings would have been approximately $27.1 million, or $0.90 per diluted share.
Specialty apparel company The Dress Barn Inc operates chain of off-price women's apparel stores offering career fashions such as sportswear, dresses, suits, blazers and accessories to working women. With almost 800 stores across the country, dressbarn strives to maintain its distinctive position in the marketplace by providing its own private labels and contemporary fashions at great value in an environment that is friendly and trustworthy.
The Dress Barn Inc
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
