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Dress Barn (DBRN)

Stock (Apparel Stores Industry, Fashion Industry Industry, Retail Industry)

Dress Barn backs 2008 guidance in range of Street SUFFERN, N.Y. - Clothing retailer Dress Barn Inc. affirmed its fiscal 2008 guidance on Wednesday, after reporting its third-quarter earnings rose 8 percent. Dress Barn (nasdaq: DBRN - news - people ) continues to expect 2008 earnings per share in the range of $1.05 to $1.10. The company said its profit guidance assumes a mid-single digit decrease in same-store sales for the rest of the year. Analysts surveyed by Thomson Financial forecast full-year earnings of $1.07 per share. Also Wednesday, Dress Barn said its third-quarter earnings grew as its Maurices stores performed better than expected and the company benefited from a reduced tax rate. The company said same-store sales fell 3 percent during the period. Dress Barn shares jumped 40 cents, or 2.9 percent, to $14.41 in after-hours trading. Earlier, the stock added 6 cents to close at $14.01

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