TheStreet’s Jim Cramer is watching Ascena Retail Group (ASNA) Tuesday when the specialty retailer releases its first quarter earnings results after the market close. Cramer says Ascena will be ‘one of the few retailers where you’re going to get hard numbers about how things are doing.’ He goes on to say, ‘Now I’ve been saying it’s going to be an Amazon/online Christmas, I know that’s boring but boring that makes money is good. But ASNA can actually give us actual boots on the ground figures about what apparel is doing. That’s important because if you notice, VF Corp (VFC), if you notice Under Armour (UA), Deckers (DECK), these have all been weak. We need to know whether that warm weather really did kill Christmas before it even started.’ Analysts expect Ascena to post earnings of $0.29 a share on $1.78 billion in revenue for the quarter. Shares of ASNA are down 6.5 percent year-to-date.
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