Ascena Retail Group Inc. (ASNA) announced Thursday morning that comparable store sales for the combined November and December holiday period declined 2 percent from last year.
The company also lowered its full-year 2013 EPS forecast to between $1.20 and $1.30. Previous guidance was for EPS of $1.45 to $1.55. The consensus estimate is for EPS of $1.53.
Ascena Retail Group gapped open sharply lower Thursday, but recovered some ground in the morning. Shares ended the session lower by 1.26 at $16.86, with volume at over a 6-month high. The stock sank to over an 11 1/2 month low.
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