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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)