Ascena Retail Group, Inc. provided earnings guidance for the third quarter of 2020. The company's guidance does not reflect potential impacts from the Coronavirus situation. The company is providing guidance for the third quarter of Fiscal 2020 for the consolidated continuing operations of the Premium Fashion, Plus Fashion, and Kids Fashion segments as net sales of $1.050 to $1.080 billion and comparable sales of negative low single digits.

For the quarter, the company announced impairment of goodwill of $63.4 million and impairment of other intangible assets was $46.9 million.