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ascena retail group, Inc. Announces Holiday Sales Results and Reaffirms Fiscal 2018 Second Quarter Earnings Per Share Guidance

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ascena retail group, Inc. (NASDAQ – ASNA) (the "Company") today
announced sales results for the Holiday period (Saturday 11/18/17 –
Monday 1/1/18) as presented below by segment and brand, and reaffirmed
its second quarter earnings per share guidance.

 

Segment

         

Comparable Sales

 

Kids Fashion (Justice)

4%

 

Plus Fashion

(2%)

Lane Bryant

Flat

Catherines

(7%)
 

Premium Fashion

(3%)

LOFT (1%)
Ann Taylor (6%)
 

Value Fashion

(9%)

maurices (6%)
dressbarn

(13%)

 

Total ascena

(3%)

David Jaffe, Chief Executive Officer commented, "While holiday
performance was mixed across our brand portfolio, we were pleased with
the continued comp acceleration at Justice, along with the significant
trend improvement at both LOFT and Lane Bryant, which were five points
better than the prior quarter. As we discussed in our December call, we
are aggressively addressing merchandising issues at dressbarn, and
anticipate trend improvement as we get into the Spring season. Quarter
to-date enterprise comparable sales are down 3%, and we are reaffirming
our second quarter earnings guide of a 7 to 12 cent loss per share,
excluding the potential impact from recently enacted tax reform."

About ascena retail group, inc.

ascena retail group, inc. (NASDAQ:ASNA) is a leading national specialty
retailer offering apparel, shoes, and accessories for women under the Premium
Fashion
segment (Ann Taylor, LOFT, and Lou & Grey),
Value Fashion segment (maurices and dressbarn), Plus
Fashion
segment (Lane Bryant, Catherines and Cacique), and
for tween girls under the Kids Fashion segment (Justice).
ascena retail group, inc. operates ecommerce websites and approximately
4,800 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, inc. visit:
ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com,
dressbarn.com, lanebryant.com, Catherines.com, and shopjustice.com.

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