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The Dress Barn (NASDAQ:DBRN) Beats Estimates, Shares Up
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The Dress Barn, Inc. (NASDAQ:DBRN) surged 6.50% to $21.85 after it reported increased first quarter net income of $21.7 million or $0.33 per share, compared to recast net income of $19.7 million or $0.30 per share a year ago.
On a non-GAAP basis, adjusted earnings increased 34% to $25.0 million or $0.38 per share from $18.7 million or $0.29 per share for the same period last year.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.33 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter rose 7% to $404.1 million from $376.4 million a year ago. Analysts estimated revenues of $389.80 million.
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