Printer Friendly

THE DRESS BARN, INC. REPORTS NINE-MONTH RESULTS

 STAMFORD, Conn., May 19 /PRNewswire/ -- The Dress Barn, Inc. (NASDAQ: DBRN) today reported sales for the nine months ended April 24, 1993, were $298.8 million vs. $262.0 million, an increase of 14 percent. Net income was $12.4 million, or $.56 per share, an increase of 19 percent from the $10.4 million or $.48 per share last year.
 Sales for the third quarter ended April 24, 1993, increased 5 percent to $95.2 million from $91.0 million last year. Net income was $3.5 million or $.16 per share, a decrease of 27 percent, vs. $4.8 million or $.22 per share earned in the prior year's comparable period.
 A spokesperson for the company commented: "The disappointing financial results during the quarter were primarily attributed to unseasonably poor weather in most regions of the country. The Northeast was particularly hard hit where Dress Barn has its major concentration of stores. In the regions where the weather was more seasonal, sales results were favorable. Further impacting these results is the softness in consumer confidence, which has led to a sluggish economy. We remain confident in our merchandise assortments and are cautiously optimistic that our current fourth-quarter performance will regain the momentum shown during our fall season."
 The company continues to maintain its aggressive store expansion program by opening 33 stores during the quarter with another 22 planned for the current quarter. At April 24, 1993, the company operated 626 stores, a net addition of 66 or a 12 percent increase from the 560 in operation last year.
 The Dress Barn, Inc. operates a chain of women's off-price apparel stores, offering in-season, moderate-to-better quality fashion apparel, primarily with nationally recognized brand names, at substantial discounts from department store prices.
 -0- 5/19/93
 /CONTACT: Armand Correia, senior vice president and CFO of the Dress Barn, 203-327-4242/
 (DBRN)


CO: The Dress Barn, Inc. ST: Connecticut IN: REA SU: ERN

CK-PS -- NY041 -- 0243 05/19/93 11:17 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 19, 1993
Words:329
Previous Article:MAPLE LEAF FOODS INC. REPORTS FIRST QUARTER RESULTS
Next Article:FIRST MIDWEST BANCORP DECLARES CASH DIVIDEND
Topics:


Related Articles
THE DRESS BARN, INC. REPORTS MARCH SALES RESULTS
THE DRESS BARN, INC. REPORTS MONTHLY SALES RESULTS
THE DRESS BARN, INC. REPORTS FEBRUARY SALES RESULTS
THE DRESS BARN, INC. REPORTS SECOND QUARTER EARNINGS
THE DRESS BARN, INC. REPORTS MARCH SALES RESULTS
The Dress Barn, Inc. Reports Record Results for Its Fourth Quarter and Fiscal Year Ended July 26, 1997
The Dress Barn, Inc. Reports First Quarter Results.
The Dress Barn, Inc. Reports Second Quarter and Six Month Results.
The Dress Barn, Inc. Reports Third Quarter and Nine Month Results.
The Dress Barn, Inc. Reports Third Quarter and Nine Month Results.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters