- Ascena Retail Group (NASDAQ:ASNA) lowers EPS guidance due to higher-than-anticipated promotional activity during the holiday period.
- Comps rose 2% for the company on flat store sales and a 17% e-commerce lift.
- Full-year EPS of $0.70-$0.75 is expected vs. $0.90-$1.00 prior guidance.
- Problems with the Justice brand assortment going into the spring are cited.
- ASNA -5.8% premarket.