Ascena Retail Group Inc. reported consolidated holiday sales results for the period ended January 3, 2016. For the period, the company reported consolidated comparable sales decreased 4% over the Holiday period, which represents performance from, November 21, 2015 through January 3, 2016.

For the second quarter, the company expects second quarter earnings per share will be below the $0.02. The company now see second quarter earnings per share between breakeven and ($0.03).

The company also reaffirmed its full year EPS guidance range of $0.75 to $0.80 for the 52-week period ending July 23, 2016.