Ascena Retail Group (ASNA) lowers guidance

Ascena Retail Group reports holiday comps down 3.1%; lowers Q2, FY17 EPS guidance below consensus :

• Reports holiday comps down 3.1% (guided quarter down 4-5%)
  • Ann Taylor -8.2%, Loft -1.8%, Maurices -7.1%, Dressbarn -4.6%, Lane Bryant -5.1%, catherines +1.6%
• Lowers Q2 EPS to ($0.11-0.08) from ($0.05)-0.00 vs ($0.03) Capital IQ Consensus.
• Lowers FY17 EPS to $0.37-0.42 from $0.60-0.65 vs. $0.58 consensus.

** charts before guidance **