Ascena Retail Group (ASNA) is a mid-cap company and leading retailer of women’s and teenage girls’ fashions. The company has a history of solid earnings growth and is poised to continue growing their earnings through a combination of store expansion in developing markets like Canada and acquisitions. The company has no debt on its balance sheet is a prodigious generator of free cash flow. Consequently, the company appears well-positioned to find its future growth initiatives. Therefore, we believe Ascena represents an excellent candidate for investors seeking above-average growth to explore further.
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