Monday, speciality apparel retailer Dress Barn Inc. (DBRN) raised its earnings forecast by $0.05 for the fiscal year ending July 31, 2010, as a result of better than expected holiday sales.
Suffern, New York-based Dress Barn raised its full year earnings forecast to a range of $1.40 to $1.50 per share from the previous range of $1.35 to $1.45, due to better than expected holiday season sales and margin performance.
On an average, four analysts polled by Thomson Reuters currently expect the company to earn $1.43 per share for the full year. Analysts' estimates typically exclude one-time items.
The company noted that comparable store sales for the holiday season, from Black Friday to the Saturday after New Year's Day, was up 10% on a consolidated basis, with dressbarn reporting an increase of 3%, maurices up 3% and Justice showing an increase of 17% for the period.
Dress Barn also said that the exchange offer for the redemption of its $112.5 million convertible senior notes announced on December 23, 2009 will expire on January 22 and expects to settle it on January 27. The company indicated a full redemption would eliminate $112.5 million of debt and $9 million of annual interest expense, while still maintaining about $250 million of cash and investments.
DBRN is currently trading at $24.00,down $0.92 or 3.69% on a volume of 1.70 million shares on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.