Dress Barn Inc. expected to Report Q3 2010 Results on May 19, 2010. This event was calculated by Capital IQ (Created on March 20, 2010).

Dress Barn Inc. announced unaudited consolidated earnings results for the second quarter and six months ended January 23, 2010. For the quarter, the company reported net earnings of $21,688,000 or $0.28 per diluted share on net sales of $594,120,000 against net loss of $1,836,000 or $0.03 per diluted share on net sales of $343,201,000 in the same period of last year. Operating income was $43,102,000 against operating loss of $2,413,000 in the same period of last year. Earnings before income taxes were $35,617,000 against loss before income taxes of $2,996,000 in the same period of last year. Net sales increased 73% compared to fiscal second quarter ended January 24, 2009. The increase is primarily due to the inclusion of Justice sales since the merger on November 25, 2009 to the close of the fiscal quarter. Comparable store sales for the quarter increased 10%. Net earnings on a non-GAAP basis increased to $28,100,000 or $0.37 per diluted share compared to a net loss for the second quarter of 2009 of $1,800,000 or $0.03 loss per share. On non-GAAP basis, earnings before income taxes were $46,100,000, net earnings was $28,100,000 or $0.37 per diluted share against loss before income taxes of $3,000,000, net loss of $1,800,000 or $0.03 per diluted share in the same period of last year. For the six months period, the company reported net earnings of $43,360,000 or $0.61 per diluted share on net sales of $998,209,000 against net earnings of $17,890,000 or $0.29 per diluted share on net sales of $719,599,000 in the same period of last year. Operating income was $80,917,000 against $29,895,000 in the same period of last year. Earnings before income taxes were $72,134,000 against $29,287,000 in the same period of last year. Comparable store sales for the fiscal six months increased 8%. Net earnings on a non-GAAP basis increased to $53,100,000 or $0.74 per diluted share compared to net earnings for the first six months of 2009 of $16,900,000 or $0.27 per diluted share. On a non-GAAP basis operating income increased to $90,100,000 or 9.0% of sales compared to $28,200,000 or 3.9% of sales in the prior year six month period. This increase is primarily due to improved gross profit and leverage from increased comparable store sales. On non-GAAP basis, earnings before income taxes were $87,200,000, net earnings was $53,100,000 or $0.74 per diluted share against earnings before income taxes of $27,700,000, net earnings of $16,900,000 or $0.27 per diluted share in the same period of last year. The company revised earning guidance for the full year ending July, 2010. Given the company's better than expected second quarter results and the favorable impact to earnings from the pay-off of convertible senior notes, the company is increasing its guidance for earnings per diluted share for the fiscal year ending July, 2010 to a range of $1.55 to $1.60. This guidance includes an impact of approximately $0.05 to earnings per diluted share as a result of a 53rd week of operations in fiscal 2010. This estimate is also based upon various assumptions for the year including a mid single digit increase in comparable store sales.

Dress Barn Inc. Presents at 31st Annual Institutional Investors Conference, Mar-10-2010. Venue: JW Marriott Orlando, Grande Lakes, 4040 Central Florida Parkway, Orlando, FL 32837, United States. Speakers: David R. Jaffe, Chief Executive Officer, President and Director.

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