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Destination Maternity Corp (DEST.OQ)

DEST.OQ on NASDAQ Stock Exchange Global Select Market

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23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Destination Maternity Corp Announces Layoffs
Monday, 24 Jun 2019 

June 24 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORPORATION ANNOUNCES REDUCTION IN FORCE.DESTINATION MATERNITY CORP - COST SAVINGS OF $4.0 MILLION - $4.5 MILLION ON ANNUALIZED RUN-RATE BASIS.DESTINATION MATERNITY CORP - RIF IS EXPECTED TO RESULT IN A ONE-TIME SEVERANCE CHARGE OF APPROXIMATELY $1.3 MILLION - $1.5 MILLION DURING Q2 OF 2019.  Full Article

Destination Maternity Reports Q4 Adjusted Loss Per Share Of $0.31
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY REPORTS FOURTH QUARTER AND FISCAL 2018 RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.31.Q4 LOSS PER SHARE $0.46.Q4 SALES FELL 13.1 PERCENT TO $91.3 MILLION.Q4 SAME STORE SALES FELL 5.8 PERCENT.SEES FY 2019 ADJUSTED LOSS PER SHARE $0.12 TO $+0.08.SEES FY 2019 SALES $370 MILLION TO $380 MILLION.COMPARABLE SALES FOR Q4 OF FISCAL 2018 DECREASED 5.8% FROM LAST YEAR.DESTINATION MATERNITY - GROSS MARGIN RATE FOR Q4 OF FISCAL 2018 WAS 48.4%, A DECREASE OF 200 BPS.DESTINATION MATERNITY SEES FY2019 COMPARABLE RETAIL SALES TO BE IN RANGE OF DOWN 1.0% TO UP 1.0%.DESTINATION MATERNITY SEES FY2019 GROSS MARGIN RATE TO BE IN RANGE OF 51.5% TO 52.0%.DESTINATION MATERNITY-SCOPE OF CHANGES BEING MADE BY CO CAUSING TRANSITION TO "MORE NIMBLE AND PROFITABLE" ORGANIZATION TO TAKE LONGER THAN EXPECTED.  Full Article

Destination Maternity Corp announces strategic plan for long-term growth and profitability
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORPORATION ANNOUNCES STRATEGIC PLAN FOR LONG-TERM GROWTH AND PROFITABILITY.DESTINATION MATERNITY CORP - COMPANY OUTLINES PERFORMANCE GOALS TO DELIVER IMPROVED PROFITABILITY; PROVIDES LONG-TERM OUTLOOK THROUGH FY 2022.DESTINATION MATERNITY CORP - RE-AFFIRMS FY 2018 GUIDANCE AND INTRODUCES FY 2019 AND FY 2022 OUTLOOKS.DESTINATION MATERNITY CORP - SEES FY 2022 ADJUSTED EPS OF $1.20 TO $1.60.DESTINATION MATERNITY - ANTICIPATES PLAN WILL HELP ACHIEVE FY 2022 REVENUE GOALS OF $450 MILLION TO $475 MILLION WITH E-COMMERCE GROWTH OF 20%+ ANNUALLY.DESTINATION MATERNITY CORP SEES FY 2022 ADJUSTED EBITDA OF $42 MILLION TO $51 MILLION.DESTINATION MATERNITY CORP - SEES FY 2022 ADJUSTED FREE CASH FLOW OF $29 MILLION TO $36 MILLION.DESTINATION MATERNITY CORP SEES FY FISCAL 2019 TOTAL REVENUE OF $377 MILLION TO $387 MILLION.DESTINATION MATERNITY CORP SEES 2019 ADJUSTED EPS RANGING FROM A LOSS OF $0.03 TO A PROFIT OF $0.15.DESTINATION MATERNITY CORP SEES FY FISCAL 2019 COMPANY COMPARABLE SALES UP 0.0% - 1.4%.DESTINATION MATERNITY CORP SEES 2019 ADJUSTED FREE CASH FLOW FROM $12.0 MILLION TO $15.6 MILLION.DESTINATION MATERNITY CORP - SEES FY 2022 SG&A DECLINING 42% TO 45% OF SALES.  Full Article

Destination Maternity Q2 Same Store Sales Rose 1.2 Percent
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY REPORTS SECOND QUARTER AND FIRST SIX MONTHS FISCAL 2018 RESULTS.Q2 ADJUSTED LOSS PER SHARE $0.11.Q2 SAME STORE SALES ROSE 1.2 PERCENT.Q2 SALES FELL 1.9 PERCENT TO $96.4 MILLION.REAFFIRMS FY GUIDANCE AND EXPECTS ADJUSTED EBITDA BEFORE OTHER CHARGES WILL MORE THAN DOUBLE OVER LAST YEAR'S SECOND HALF.QTRLY E-COMMERCE SALES RISE 18.4% FROM PRIOR YEAR Q2.QTRLY LOSS PER SHARE $ 0.29.AT AUGUST 4, 2018, INVENTORY WAS $67.8 MILLION, A DECREASE OF $2.0 MILLION COMPARED TO $69.8 MILLION AT JULY 29, 2017.  Full Article

Destination Maternity Announces Departure Of CFO
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY ANNOUNCES DEPARTURE OF EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER.DAVID STERN, EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER, HAS DEPARTED COMPANY, EFFECTIVE AUGUST 10, 2018.RECENTLY RETAINED AN EXECUTIVE SEARCH FIRM ON AN ONGOING BASIS AND HAS INITIATED A FORMAL SEARCH FOR STERN'S REPLACEMENT.  Full Article

Destination Maternity Sees FY 2018 Comparable Retail Sales To Be Up In The Low Single Digits
Monday, 7 May 2018 

May 7 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORP SEES FY 2018 COMPARABLE RETAIL SALES TO BE UP IN THE LOW SINGLE DIGITS.DESTINATION MATERNITY CORP SEES FY 2018 CAPITAL EXPENDITURES TO BE IN THE $5 MILLION TO $7 MILLION RANGE.DESTINATION MATERNITY CORP SEES FY 2018 GROSS MARGIN TO BE FLAT TO DOWN APPROXIMATELY 100 BASIS POINTS.DESTINATION MATERNITY CORP - PLAN TO OPEN THREE NEW STORES AND CLOSE 20 TO 25 STORES DURING 2018.  Full Article

Nathan Miller Says Sent A Letter To Destination Maternity Corp's Board
Friday, 30 Mar 2018 

March 30 (Reuters) - Destination Maternity Corp ::NATHAN MILLER SAYS ON MARCH 30, SENT A LETTER TO DESTINATION MATERNITY CORP'S BOARD - SEC FILING.NATHAN MILLER - BELIEVES FUNDAMENTAL CHANGE NEEDED AT DESTINATION MATERNITY, ELECTION OF NOMINEES WILL BE FIRST OF MANY STEPS TOWARDS THAT CHANGE.  Full Article

Nathan Miller Says Would Support Expanding Destination Maternity Board
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Destination Maternity Corp ::NATHAN MILLER SAYS WOULD SUPPORT EXPANDING DESTINATION MATERNITY BOARD,ADDING REPRESENTATIVES OF ORCHESTRA-PRÉMAMAN IF NATHAN MILLER'S NOMINEES ARE ELECTED.  Full Article

Nathan Miller Reports 7.8 Pct Stake In Destination Maternity Corp
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Destination Maternity Corp ::NATHAN MILLER REPORTS 7.8 PERCENT STAKE IN DESTINATION MATERNITY CORP AS OF DECEMBER 26 - SEC FILING.NATHAN MILLER SAYS AS LONG TERM INVESTOR OF DESTINATION MATERNITY, INTENDS TO ANALYZE AND CONSIDER ANY AND ALL POTENTIAL CORPORATE TRANSACTIONS.NATHAN MILLER - INTENDS TO ENGAGE IN CONSTRUCTIVE DISCUSSIONS WITH DESTINATION MATERNITY TO SEEK IMPROVED CORPORATE GOVERNANCE, COMPENSATION PRACTICES.  Full Article

Destination Maternity Reports Q3 Loss Per Share $0.55
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY REPORTS THIRD QUARTER AND FIRST NINE MONTHS FISCAL 2017 RESULTS.Q3 ADJUSTED LOSS PER SHARE $0.20.Q3 GAAP LOSS PER SHARE $0.55.Q3 SALES $96.4 MILLION VERSUS $102.6 MILLION.- QTRLY COMPARABLE SALES INCREASED 1.1%.DESTINATION MATERNITY - ON TRACK TO ACHIEVE ABOUT $10 MILLION IN ANNUALIZED COST SAVINGS STARTING IN FISCAL 2018.DESTINATION MATERNITY - IN Q4 TO DATE, SEEN COMPARABLE STORE SALES IMPROVE 190 BPS TO DOWN 6.4%.DESTINATION MATERNITY - BOARD HAS DECIDED TO ADD MULTIPLE ADDITIONAL BOARD MEMBERS.  Full Article