Suffern, NY–Ascena Retail Group Inc. Tuesday reported an increase in profit for the first quarter despite lower revenues and higher operating costs. Earnings trumped analysts’ estimates, while revenues were in line with expectations. Ascena’s first quarter profit rose to $53.5 million, 32 cents a share, from $52.6 million, 32 cents ...
The post Ascena Earnings Increase Despite Lower Sales, Higher Costs appeared first on Accessories Magazine.