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What to Watch for When Ascena Retail Reports Q1 Results

Wall Street is forecasting that Ascena Retail (ASNA) will post lower first-quarter earnings and revenue than a year ago after Thursday's closing bell.

Analysts surveyed by FactSet are looking for adjusted earnings of 20 cents per share on revenue of $1.71 billion. During the same quarter a year ago, the parent company of Ann Taylor and Lane Bryant earned an adjusted 36 cents per diluted share on revenue of $1.79 billion.

Comparable-store sales are projected to drop 3.9% during the most recent period, according to FactSet. Last year, comparable-store sales fell...