Company Earnings UpdateAscena (ASNA) Fiscal 3Q18 Results: Beats Expectations, Provides Mixed Guidance Coresight Research June 5, 2018 Executive Summary Ascena reported fiscal 3Q18 EPS of $(0.08), down from $0.05 a year ago, but beating the consensus estimate by a penny. Adjusted revenues were $1.50 billion, down 4.0% year over year, but above the $1.47 billion consensus estimate. Comps declined 3%, beating the (3.4)% consensus estimate. Comps declined for Premium Fashion, Value Fashion and Plus Fashion, but increased 10% for Kids Fashion. For 4Q18, the company guided for an adjusted EPS range of ($0.05)–$0.05, with a breakeven midpoint below the $0.03 consensus estimate. Revenue guidance of $1.62–$1.66 billion was ahead of the consensus estimate of $1.58 billion. Comp guidance was flat to up 2%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Mixed Sentiment Trends Ahead of August 1 Tariffs; Plus, Luxury Shopping in Focus: US Consumer Survey InsightsInnovator Profile: ShopVision—Paving the Way for Intelligent E-Commerce with an AI TeammateThree Data Points We’re Watching This Week, Week 33: US Consumers’ Tariff PerceptionsPositive Sentiment Trend Comes to an End; Kohl’s Leads in Department Store Shopping: US Consumer Survey Insights
