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Ascena Retail Group - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Ascena Retail Group (ISIN: US04351G1013, WKN: A1H5VP) Kursdatum: 21.07.2017 Kurs: 2,200 USD
Beschreibung Daten
Symbol ASNA
Marktkapitalisierung 422.840.000,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ Comp.
Sektor Konsumgüter
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 2012-04-04 - 2:1 | 2006-04-03 - 2:1 | 2002-06-03 - 2:1 |
Internet
Letztes Bilanz Update 19.09.2016

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
5,36 0,95 0,01% -0,21 33,84 -36,67 0,06 0,23

Firmenbeschreibung

Firmenstrategie

The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and present the financial position, operational results, comprehensive (loss) income and cash flows of the Company and its 100% owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

RevenueRecognitionPolicyTextBlock

Revenue is recognized when there is persuasive evidence of an arrangement, delivery has occurred, price has been fixed or is determinable and collectability is reasonably assured.

 

Retail store revenue is recognized net of estimated returns at the time of sale to consumers. Ecommerce revenue from sales of products ordered through the Company’s retail Internet sites and revenue from direct-mail orders are recognized upon delivery and receipt of the shipment by our customers. Such revenue also is reduced by an estimate of returns.

 

Reserves for estimated product returns are recorded based on historical return trends and are adjusted for known events, as applicable. Reserves for estimated product returns were $17.3 million and $9.2 million as of the end of Fiscal 2016 and Fiscal 2015, respectively.


Gift cards, gift certificates and merchandise credits (collectively, “gift cards”) issued by the Company are recorded as a deferred income liability until they are redeemed, at which point revenue is recognized. Gift cards do not have expiration dates. The Company recognizes income for unredeemed gift cards when the likelihood of a gift card being redeemed by a customer is remote and the Company determines that it does not have a legal obligation to remit the value of the unredeemed gift card to the relevant jurisdiction as unclaimed or abandoned property. Gift card breakage is recognized in Net sales over time based on the historical redemption patterns and historically has not been material.


Revenue associated with merchandise shipments to other third-party retailers is recognized at the time title passes and risk of loss is transferred to customers, which generally occurs at the date of shipment.

 

In addition to retail-store, ecommerce and third party sales, the Company's segments recognize revenue from (i) licensing arrangements with franchised stores, (ii) royalty payments received under license agreements for the use of their trade name and (iii) advertising and marketing arrangements with partner companies as they are earned in accordance with the terms of the underlying agreements.


The Company accounts for sales and other related taxes on a net basis, thereby excluding such taxes from revenue.

SegmentReportingDisclosureTextBlock

Segments

 

The Company’s segment reporting structure reflects an approach designed to optimize the operational coordination and resource allocation of its businesses across multiple functional areas including specialty retail, ecommerce and licensing. The six reportable segments described below represent the Company’s activities for which separate financial information is available and utilized on a regular basis by the Company’s executive team to evaluate performance and allocate resources. In identifying reportable segments and disclosure of product offerings, the Company considers economic characteristics, as well as products, customers, sales growth potential and long-term profitability. As such, the Company reports its operations in six reportable segments as follows: 

ANN segment – consists primarily of the specialty retail, outlet and ecommerce operations of the Ann Taylor and LOFT brands.
Justice segment – consists of the specialty retail, outlet, ecommerce and licensing operations of the Justice brand.
Lane Bryant segment – consists of the specialty retail, outlet and ecommerce operations of the Lane Bryant brand and its Cacique intimates label.
maurices segment – consists of the specialty retail, outlet and ecommerce operations of the maurices brand.
dressbarn segment – consists of the specialty retail, outlet and ecommerce operations of the dressbarn brand.
Catherines segment – consists of the specialty retail and ecommerce operations of the Catherines brand.


The accounting policies of the Company’s reporting segments are consistent with those described in Notes 3 and 4. All intercompany revenues are eliminated in consolidation. Corporate overhead expenses are allocated to the segments based upon specific usage or other reasonable allocation methods.

 

Net sales and operating income (loss) for each segment are as follows:

 
 
Fiscal Years Ended
 
 
July 30,
2016
 
July 25,
2015
 
July 26,
2014
Net sales:
 
(millions)
   ANN (a)
 
$
2,330.9

 
$

 
$

   Justice
 
1,106.3

 
1,276.8

 
1,384.3

   Lane Bryant
 
1,130.3

 
1,095.9

 
1,080.0

   maurices
 
1,101.3

 
1,060.6

 
971.4

   dressbarn
 
993.3

 
1,023.6

 
1,022.5

   Catherines
 
333.3

 
346.0

 
332.4

Total net sales
 
$
6,995.4

 
$
4,802.9

 
$
4,790.6

 
 
 
 
 
 
 
Operating income (loss):
 
 

 
 

 
 

   ANN (a)(b)
 
$
13.3

 
$

 
$

   Justice
 
29.0

 
(62.8
)
 
99.3

   Lane Bryant
 
20.6

 
(308.0
)
 
(4.3
)
   maurices
 
105.6

 
125.9

 
86.0

   dressbarn
 
(13.6
)
 
10.7

 
39.4

   Catherines
 
16.3

 
31.0

 
24.4

   Unallocated acquisition and integration expenses
 
(77.4
)
 
(31.7
)
 
(34.0
)
Total operating income (loss)
 
$
93.8

 
$
(234.9
)
 
$
210.8


_______

(a) 
The results of ANN for the post-acquisition period from August 22, 2015 to July 30, 2016 are included within the Company's consolidated results of operations for Fiscal 2016.
(b) 
The results of ANN for Fiscal 2016 include approximately $165 million of non-cash expenses for purchase accounting adjustments, primarily related to the $127 million write-up of inventory to its fair value.


Depreciation and amortization expense and capital expenditures for each segment are as follows:

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Fiscal Years Ended
 
 
July 30,
2016
 
July 25,
2015
 
July 26,
2014
Depreciation and amortization expense: