Net income dropped 19% in the first quarter to $76,465,000 from $93,970,000 on revenues that inched down 1% to $1,364,220,000 from $1,383,609,000 as high-performing new stores partially offset a -5.7% comp. ASO said that its customers continued to feel pressure from inflation, depleted savings and other macroeconomic headwinds. They shopped sporadically, focusing on value and newness and coming to stores for holidays and significant shopping events. Average ticket was down 1% and transactions fell 5%, though results improved sequentially through the quarter. E-commerce outperformed, growing 8% to 9% penetration, with BOPIS ... Log in to view full article.