Ascena Retail Group (ASNA +2.9%) moves up after its FQ1 misses its EPS projections but beats on...

|About: Ascena Retail Group Inc (ASNA)|By:, SA News Editor

Ascena Retail Group (ASNA +2.9%) moves up after its FQ1 misses its EPS projections but beats on revenues, as charges weighed down its bottom line. Same-store sales rose 4% on better overall net sales, boosted by a 9.8% sales jump in its Justice preteen business, but margins narrowed to 42.3% from 42.7% on a jump in overhead expenses.