Ascena Retail (NASDAQ:ASNA) Shatters Guidance for Full Year; Reports Challenging Holiday Season – KSS, NWSA, NEWL, BBY, LVS, CSX, SPLS

Ascena Retail Group Inc (NASDAQ:ASNA) shatter its earnings forecast for the present fiscal year and mentioned a challenging holiday selling season that necessitated higher promotional activity to sell off surplus inventory.

The women’s apparel retailer presently projects full year EPS of $1.20 to $1.30, low from its earlier forecasts of $1.45 to $1.55.

The Suffern, New York based Ascena reported that it’s combined comparable store and e-commerce sales for two months period moved up 1%. Total retailer similar store sales plunged 2%, while e-commerce same-store sales moved up 30%.

Ascena previous month announced its fiscal Q1 income plunged 9.3% as the corporation observed higher expenses wipe away sharply higher revenue.

Its competitors include Kohl’s Corporation (NYSE:KSS) that surged 1.12% to $42.42 with the total traded volume of 252,377shares.

Other services stocks with bullish trend include News Corp (NASDAQ:NWSA) up 1.69% to $26.83, NewLead Holdings Ltd (NASDAQ:NEWL) up 41.71% to $2.65 and Best Buy Co., Inc. (NYSE:BBY) up 2.76% to $11.91, whereas with bearish trend include Las Vegas Sands Corp. (NYSE:LVS) down -1.28% to $51.74, CSX Corporation (NYSE:CSX) down -1.66% to $20.20 and Staples, Inc. (NASDAQ:SPLS) down -1.02% to $11.59.

Ascena Retail Group Inc (NASDAQ:ASNA) after opening at $16.26 hit high price of $16.48 and then trading at $16.42 by plunging -9.38% and on current session volume of 2.35 million shares is higher than its average volume of 1.60 million shares.

The stock price volatility was 2.37% for a week and 2.46% for a month as well as price volatility’s Average True Range for 14 days was 0.48 and its beta remained 1.41.

The liquidity measure in recent quarter results of the company was recorded 1.50 as current ratio and on the other side the debt to equity ratio was 0.22 and long-term debt to equity ratio also remained 0.21. The Company had total cash at hand $133.50million and a book value per share as $9.04 in the most recent quarter.

ASNA generated revenue of 3.72 billion in the following twelve months and earned $170.50million. The Company showed a positive4.58% in the net profit margin and as well as in its operating margin which remained 7.39%. Company’s annual sales growth for the past five year was 18.64%.

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