News Flash

Dress Barn reaffirms earnings outlook for fiscal 2007

01 Mar '07

3 min read

Mr. Jaffe continued, "Our stores have transitioned to new Spring merchandise slightly earlier this year, and we've had strong reads for the season. We are particularly encouraged by trends at our new and remodeled stores which are yielding better than planned sales results at both divisions."

Earnings Outlook For Fiscal 2007:
The Company has reaffirmed its earnings guidance per diluted share for the full fiscal year ending July 28, 2007 to the range of $1.30 to $1.35. This estimate is based upon certain key assumptions previously announced, including achieving a comparable store sales increase in the range of 4% for the remainder of the fiscal year.

Change In Sales Reporting Schedule Effective Fiscal Year 2008:
Dress Barn Inc also announced today that, beginning with next year's first fiscal quarter ending October 27, 2007, and consistent with practices at many other retail companies, the Company will begin reporting consolidated sales and comparable store sales on a quarterly basis, and will discontinue reporting consolidated sales and comparable store sales on a monthly basis.

Conference Call Information: The Company hosted a conference call on February 28, 2007 at 4:30 PM Eastern Time to review its fiscal second quarter financial results followed by a question and answer session. A recording of the conference call will be available shortly after its conclusion and until March 31, 2007 by dialing (617) 801-6888; the passcode is 85783885.

Dress Barn Inc

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