Ascena Retail Group Inc fka ASNAQ

[tdeck]

I love how they write these headlines so they can remain as negative as possible even when they can't because the realities won't let them.

"Ascena crushes profit estimates but sales still sag "
https://www.retaildive.com/news/ascena-crushes-profit-estimates-but-sales-still-sag/568795/

Sag? Right so with 3,363 stores for Q1 2020instead of the 3,635 stores they had in Q1 2019 so with 10% less stores to generate revenue they were only down 3% in sales not 10% while making .18 per share net income increased 437% and that is somehow that is a negative?

Closing money losing stores and starting to make 437% more money is somehow a bad thing, okay, sure go with that. I guess when they close another 544 losing Dress Barns in a few weeks all those profits added to the balance sheet will just be a bad thing too? LOL, glad none of these Einsteins never ran any of my businesses in the past.

300 losing stored dropped profits jumped 437%
wonder what they will go to in a few weeks when 544 more losing are closed? .40 EPS per Q maybe?

Peace out