Dress Barn, Inc. (NASDAQ:DBRN) has announced the increase of its earnings guidance for its fiscal year ending July 31, 2010. The announcement was made during its Investor Day at the Grand Hyatt in New York City. The diluted earnings were raised for fiscal 2010 to be between $1.35 and $1.45. The company previously expected earnings within the range of $1.20 to $1.30 per diluted share. The earnings per share guidance were raised on increased performance at dressbarn, maurices, and Justice stores.
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The Dress Barn, Inc. operates women’s apparel specialty stores, principally under the names dressbarn, dressbarn woman and maurices. As of July 25, 2009, the Company operated 1,559 stores in 48 states and the District of Columbia, including 684 dressbarn Combo stores (a combination of its dressbarn and dressbarn woman brands), 721 maurices stores, 120 dressbarn stores and 34 dressbarn woman stores. Its dressbarn stores are typically operated as Combo stores, offering both dressbarn and larger-sized dressbarn woman merchandise. The Dress Barn, Inc. also operates stand-alone dressbarn and dressbarn woman stores in certain markets. Its dressbarn brands cater to 35 to 55 year-old women, sizes 4 to 24. The dressbarn stores offer in-season and casual fashion located primarily in convenient strip shopping centers in major trading and markets and surrounding suburban areas. In November 2009, the Company completed its merger with Tween Brands, Inc.
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