Ascena posts larger Q3 loss

For its third quarter to May 4, 2019, Ascena Retail Group, Inc. reported a GAAP loss of 1.20 dollars per diluted share compared to 20 cents in the year-ago period. The company said adjusted loss for the quarter was 26 cents per diluted share compared to 8 cents per diluted share in the year-ago period. Net sales were 1,266 million dollars compared to 1,267 million dollars in the year-ago period, while comparable and non-comparable sales remained flat for the quarter.