DBrn

3/2/2010-Shares of Dress Barn (NASDAQ:DBRN) are trading 3% higher to $26.49 premarket Tuesday after the retailer of women's clothing reported a Q2 EPS of 37 cents, ex-items, besting consensus estimates of 29 cents. Revenues for the quarter rose 73% year-over-year to $594.1 million, in line with consensus estimates. The apparel retailer boosted its full-fiscal year 2010 forecast to EPS in the range of $1.55 to $1.60 (up from $1.40 and $1.50 previously), versus consensus estimates of $1.53. David R. Jaffe, president and CEO, commented, "We are very pleased to have maintained a very strong balance sheet after our recent merger with Justice. We believe that, over time, the adoption of best-practices across our organization will yield material benefits for each concept we operate. Our strong cash position, low debt levels, and excellent cash generation ability position us well to drive value to shareholders through a range of potential methods and strategies."