By  on February 19, 2009

Dress Barn Inc. missed Wall Street’s second-quarter earnings projections and fell to a loss as the women’s apparel retailer said heavily marked-down merchandise during the holiday season weakened its margins.

For the three months ended Jan. 24, the Suffern, N.Y.-based company on Wednesday reported a net loss of $1.1 million, or 2 cents a diluted share, compared with net income of $7.4 million, or 12 cents a share, for the period a year earlier. Net sales shrank 0.7 percent to $343.2 million from $345.6 million. Analysts surveyed by Yahoo Finance were looking for earnings per share of 1 cent on sales of $341.5 million.

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