Attached files
| file | filename |
|---|---|
| 8-K - DRESS BARN INC | v169151_8k.htm |
Exhibit
99.1
NEWS
RELEASE
DRESS
BARN, INC. RAISES FISCAL YEAR 2010 EARNINGS GUIDANCE
SUFFERN, NY – DECEMBER 16, 2009 -
Dress Barn, Inc. (NASDAQ
- DBRN) today announced, during its Investor Day held at the Grand Hyatt
in New York City, increased earnings guidance for its fiscal year ending July
31, 2010.
The
Company raises its diluted earnings per share guidance for fiscal 2010 in the
range of $1.35 to $1.45 compared with its previous earnings guidance of $1.20 to
$1.30 per diluted share. This fiscal 2010 increased earnings per
share guidance is based on better than expected year to date performance at
dressbarn, maurices and
Justice stores and other
various assumptions. Our earnings guidance includes Justice results from the
completion of the merger on November 25th to the
end of the July fiscal year.
ABOUT DRESS BARN,
INC.
Dress
Barn, Inc. (NASDAQ -
DBRN), is a leading national specialty apparel retailer offering quality
casual and career women’s fashion apparel through its dressbarn and maurices brands and girls’
apparel through its Justice brand. As of
December 14, 2009, the Company operated 846 dressbarn stores in 47 states,
741 maurices stores in
44 states and 906 Justice stores in 45 states
and Puerto Rico. For more information, please visit www.dressbarn.com,
www.maurices.com and
www.shopjustice.com.
Forward-Looking
Statements
Certain
statements made within this press release may constitute “forward-looking
statements”, within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements are subject to certain risks
and uncertainties that could cause actual results to differ materially. The
Company does not undertake to publicly update or review its forward-looking
statements even if experience or future changes make it clear that our projected
results expressed or implied will not be achieved. Detailed information
concerning a number of factors that could cause actual results to differ
materially from the information contained herein is available in our most recent
report on Form 10-K for the year ended July 25, 2009 and Form 10-Q for the
quarter ended October 24, 2009.
| CONTACT: |
Dress
Barn, Inc.
Investor
Relations
(845)
369-4600
|