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Post-earnings rally for Ascena Retail Group

Jun. 03, 2015 12:56 PM ETAscena Retail Group, Inc. (ASNA) StockASNABy: Clark Schultz, SA News Editor
  • Shares of Ascena Retail Group (NASDAQ:ASNA) are up 7.1% on strong volume after the company reported Q1 earnings.
  • Ascena's full-year EPS guidance came in just ahead of consensus to help take the sting off an earnings miss.
  • During the conference call, execs said they expect to close the deal to purchase Ann in the second half of the year.
  • Significant accretion is seen resulting from the combination of retail operations.
  • Earnings call transcript
  • Previously: Ascena Retail Group misses by $0.02, misses on revenue

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Ascena Retail Group, Inc.