UPDATE: Oppenheimer Downgrades Ascena Retail Group (ASNA) to Perform
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ascena retail group, inc. Reports Fourth Quarter and Full Year Fiscal 2016 Results and Provides Full Year Fiscal 2017 Guidance
September 19, 2016 4:06 PM EDTFourth Quarter GAAP EPS of $0.07; Non-GAAP Adjusted EPS of $0.08
MAHWAH, N.J.--(BUSINESS WIRE)-- ascena retail group, inc. (NASDAQ - ASNA) (the Company) today reported financial results for its fiscal fourth quarter and full year ended July 30, 2016. Fiscal 2016 reflected a 53-week fiscal year for the Company, and as a result, the Company's fourth quarter GAAP results for Fiscal 2016 reflect a 14-week period, while non-GAAP adjusted results reflect a 13-week period comparable to the prior year 13-week period. Additionally, the Company's non-GAAP adjusted financial results for its fiscal fourth quarter ended July 30, 2016 exclude acquisition and... More
