On a reported basis, operating income for the first quarter of Fiscal 2013 decreased to $72.9 million, or 6.4% of sales, compared to $76.5 million, or 10.0% of sales last year. However, on an adjusted basis, operating income for Fiscal 2013 increased to $99.2 million, or 8.7% of sales. The decrease in operating income as a percent of sales on an adjusted basis was due largely to the initial increase in SG&A associated with the Charming Acquisition.Fiscal First Quarter Balance Sheet Highlights
Ascena Retail Group, Inc. Reports First Quarter 2013 Results
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