Search
 

Dress Barn Wows Wall Street

SUFFERN, NY-The company, which operates under the Dressbarn and Maurice's flags, achieves sales growth of 62%.

By Jennifer D. Duell | Updated on December 01, 2005

SUFFERN, NY-During Dress Barn Inc.’s first quarterfiscal 2006 earnings conference call, analysts madesure to congratulate the company’s executive team,called the financial results “awesome” and”impressive.” The results, which included salesincreases of 62% and record profit increases, causedthe chain’s stock price to jump 18.3% to an all-timehigh of $33.82 per share.

The apparel retailer, which operates the Dressbarn and Maurice’s brands, posted sales during the quarter of $318.9 million compared to $197.1 million for the same period last year. It’s worth noting that last year’s results did not include any sales achieved by the Maurice’s brand, which Dress Barn Inc. acquired earlier this year.

Moreover, the company’s profit for the quarter reacheda record level of $20.4 million, or 64 cents perdiluted share, compared to $7.1 million, or 24 centsper diluted share, in same quarter 2004.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.