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Ascena Retail Drops on Holiday Performance

Ascena Retail Group Inc. (NASDAQ: ASNA) led the bears in Tuesday’s session as the result of a less-than-favorable holiday season. The company announced consolidated comparable sales decreased 4% over the Holiday period, which represents performance from Saturday, November 21, 2015, through Sunday, January 3, 2016. It also reaffirmed its full-year earnings per share (EPS) guidance range of $0.75 to $0.80 for the 52-week period ending July 23, 2016.

Consensus estimates call for $0.78 in EPS and revenue of $7.24 billion.

Ascena is a leading national specialty retailer offering clothing, shoes and accessories for missy and plus-size women under the Ann Taylor, LOFT, Lou & Grey, Lane Bryant, Cacique, maurices, dressbarn and Catherines brands, and for tween girls under the Justice...