By  on March 14, 2019

The Ascena Retail Group, continuing to grapple with uneven performance across its portfolio of retail brands catering to different demographics, reported a net loss of $72 million, or 36 cents per diluted share in the second quarter ended Feb. 2 compared with a net loss of $39 million, or 20 cents a share, in the year-ago period.

Operating loss for the second quarter was $52 million compared to an operating loss of $36 million in the year-ago period, as the positive impact of comparable sales growth, lower operating expenses and lower depreciation expense was more than offset by the lower non-comparable sales and lower gross margin rate.

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