Ascena Retail Group, Inc. (ASNA) Thursday said comparable store sales for the combined November and December holiday period declined 2 percent from last year. As a result, the company lowered its outlook for the fiscal year 2013.
Full-year earnings is currently forecast in a range of $1.20 to $1.30 per share. This compares to the previous guidance range of $1.45 to $1.55 per share.
Analysts, based on consensus, currently expect the company to report full year earnings of $1.53 per share. Analysts' estimates typically exclude special items.
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