Ascena Retail Group, Inc. of Justice for a Full Fiscal Year in Comparison to a Partial This Reorganization Is Already Providing the Company Year Last Year
® ® ® 92541CVR_B 1 10/26/11 10:50 AM “Theascenanamereflectstheculture sharedbyeachofourbrands,which strives to ascend to new heights, specificallyintheareasofcustomer centricity,executionandgrowth.” We achieved and exceeded our operational and financial Fiscal 2011 was another record year for our Company as plans, but more importantly, we took bold strategic steps. we continue to show positive operating momentum. At our annual stockholders’ meeting on December 17, 2010, Fiscal 2011 sales increased 23% to over $2.9 billion and net we changed our corporate structure to make dressbarn, income increased 28% to $170.5 million, or $2.11 per share maurices and Justice wholly-owned subsidiaries of a new on a diluted basis. These results include the operations Delaware holding company, Ascena Retail Group, Inc. of Justice for a full fiscal year in comparison to a partial This reorganization is already providing the Company year last year. Our brands continue to perform well as with new strategic options, operational efficiencies, evidenced by our strong comparable store sales growth and additional financial flexibility. of 6% on a consolidated basis, with increases of 10% at maurices, 8% at Justice and 2% at dressbarn. The ascena name reflects the culture shared by each of our brands, which strives to ascend to new heights, Our balance sheet has never been stronger. We ended specifically in the areas of customer centricity, execution the year with cash and investments of $436 million and growth. Our stock ticker, which trades on the and are debt-free. This provides us with the financial NASDAQ Global Market, changed from DBRN to ASNA strength for future growth, allows us to continue our on Monday, January 3, 2011.
[Show full text]