Dress Barn reports surge in Q4 sales
The company's comparable store sales increased 5% on top of a 7% increase for the same fiscal quarter last year. Net earnings for the quarter increased to $33.6 million, or $0.48 per diluted share, compared to net earnings of $24.4 million, or $0.35 per diluted share, for the comparable period of fiscal 2006. Net sales for the fiscal year ended July 28, 2007, increased 10% to $1.427 billion compared to $1.300 billion reported for the fiscal year ended July 29, 2006. Comparable store sales increased 5% in fiscal 2007 on top of an 8% increase in fiscal 2006.