Tween Brands (TWB)

[Rawnoc]

Tween Brands beats by $0.26, beats on revs; DBRN merger expected to be completed in calendar Q4 (TWB) 7.33 : Reports Q2 (Jul) loss of $0.11 per share, $0.26 better than the First Call consensus of ($0.37); revenues fell 8.1% year/year to $205.1 mln vs the $198.9 mln consensus, driven predominantly by a 12% decline in comparable store sales. On June 25, 2009, the co announced that it had entered into a definitive agreement with Dress Barn, Inc. (DBRN) pursuant to which a subsidiary of Dress Barn will merge with the co in a stock-for-stock transaction. The transaction continues on track with an anticipated completion in the fourth quarter of calendar year 2009.