Leading national specialty apparel retailer offering quality career and casual fashion apparel through its dressbarn and maurices brands, Dress Barn Inc announced it is raising earnings guidance for its fiscal year ending July 29, 2006.
As a result of better than expected December sales and margin performance, the Company has raised its earnings guidance per diluted share for the full fiscal year ending July 29, 2006 to the range of $2.00 to $2.05 from its previous earnings guidance of $1.90 to $1.95 per diluted share.
This projection assumes total consolidated sales in the range of $1.265 billion to $1.270 billion and a consolidated comparable store sales increase in the 4 percent range for the remainder of the fiscal year.
In addition, this projection includes an estimated dilution of $0.08 per share for the expensing of stock options; and an additional estimated dilution of $0.15 per share due to the net share settlement feature of the Company's outstanding 2.50 percent Convertible Notes.
The Dress Barn Inc is a leading national specialty apparel retailer offering quality career and casual fashion apparel through its dressbarn and maurices brands.
As of December 31, 2005, the Company operated 786 dressbarn stores in 45 states and 510 maurices stores in 39 states.
marketing@alchempro.com
