ascena retail group, inc. Reports Third Quarter Fiscal 2019 Results; Third Quarter Comparable Sales from Continuing Operations Flat; GAAP Loss Per Share of $1.20 Includes Non-Cash Impairme...
ASCENA RETAIL GROUP (ASNA)
Last ascena retail group earnings: 6/10 04:06 pm
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Source: Business Wire
MAHWAH, N.J.--(BUSINESS WIRE)-- ascena retail group, inc. (Nasdaq - ASNA) (“ascena” or the “Company”) today reported financial results for its fiscal third quarter ended May 4, 2019. For the third quarter of Fiscal 2019, the Company reported a GAAP loss of $1.20 per diluted share, compared to a GAAP loss of $0.20 in the year-ago period. The current year loss reflects non-cash impairment charges of $174 million, consisting of write-downs of goodwill, other intangible assets and store-related fixed assets. For the third quarter of Fiscal 2019, the Company reported an adjusted loss of $0.26 per diluted share compared to an adjusted loss of $0.08 per diluted share in the year-ago period. Carrie Teffner, Interim Executive Chair of ascena retail group, inc., commented, “The Board and Management have been working together to transform the Company and return ascena to profitable and sustainable top-line growth.
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