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

MAHWAH, N.J.--(BUSINESS WIRE)-- 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180108006025/en/

For investors:
ICR, Inc.
James Palczynski, 203-682-8229
Partner
jp@icrinc.com
or
For media:
ascena retail group, inc.
Sue Ross, 218-491-2110
Corporate Affairs
sue.ross@ascenaretail.com

Source: ascena retail group, Inc.