Ascena Retail Group: Decline in comparable sales impacts Q1 performance

Ascena Retail Group, Inc., for its fiscal third quarter ended April 28, 2018 reported a GAAP loss of 0.20 dollar per diluted share compared to 5.29 dollars per diluted share in the year-ago period, which included a significant non-cash impairment charge to write-down a portion of the company's goodwill and other intangible assets. Non-GAAP adjusted loss for the quarter was 0.08 dollar per diluted share compared to non-GAAP adjusted income of 0.05 dollar per diluted share in the year-ago period.