Ascena Retail Group, Inc. (NASDAQ – ASNA), owner of Maurices, reported income from fourth quarter fiscal 2012 continuing operations was $11.2 million, representing a decrease to the year-ago income of $28.2 million.

Ascena’s financial results for its fiscal fourth quarter and full year ended July 28 reflect its acquisition of Charming Shoppes. Accordingly, operating results for those periods are not comparable to the prior year. On an adjusted basis, income from continuing operations for the fourth quarter was $49.0 million, representing an increase to the year-ago quarter’s net income of $28.2 million.

Income from continuing operations for all of fiscal 2012 was $171.8 million, an increase to last year’s $170.5 million on a reported basis. On an adjusted basis, income from continuing operations was $213.8 million, representing an increase versus last year’s amount of $170.5 million on a reported basis.

For Maurices, fourth quarter sales increased to $201.5 million compared with $183 million for the year-ago quarter. Twelve-month sales were $852.9 million versus $776.5 for fiscal year 2011.

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