Ascena Retail (ASNA +4.7%) rallies after announcing its December same-store sales rose 14% Y/Y,...

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

Ascena Retail (ASNA +4.7%) rallies after announcing its December same-store sales rose 14% Y/Y, thanks to a 19% increase for its Justice brand, and a 12% increase for its dressbarn brand. As a result, the company is raising its FY12 (ends in April) EPS guidance to a range of $2.70-$2.70, above a prior range of $2.55-$2.65.