By  on December 2, 2013

Shares of Ascena Retail Group Inc. jumped in after-hours trading Monday following the company’s disclosure of increased first-quarter sales and profits that exceeded analysts’ expectations.

The Suffern, N.Y.-based specialty retailer reported that sales rose on both a net and comparable basis at all five of its nameplates, with Lane Bryant excelling with its 7 percent increase in comps and a 7.8 percent increase in net sales.

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