- 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