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Last $11.48 USD
Change Today +0.41 / 3.70%
Volume 137.0K
DEST On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 5:20 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

destination maternity corp (DEST) Snapshot

Open
$11.00
Previous Close
$11.07
Day High
$11.58
Day Low
$10.82
52 Week High
07/9/14 - $25.01
52 Week Low
05/26/15 - $9.98
Market Cap
159.1M
Average Volume 10 Days
299.8K
EPS TTM
--
Shares Outstanding
13.9M
EX-Date
07/7/15
P/E TM
--
Dividend
$0.80
Dividend Yield
6.97%
Current Stock Chart for DESTINATION MATERNITY CORP (DEST)

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destination maternity corp (DEST) Details

Destination Maternity Corporation designs and retails maternity apparel in the United States. As of September 30, 2014, it operated 1,894 retail locations comprising 568 stores under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity brand names in the United States, Puerto Rico, and Canada; 1,326 leased departments located within department stores and baby specialty stores in the United States and Puerto Rico; 78 international franchised locations consisting of 19 stand-alone stores in the Middle East, South Korea, and Mexico; and 59 shop-in-shop locations in South Korea and Mexico. The company’s Motherhood Maternity brand serves the value-priced portion of the maternity apparel business with stores located in regional malls, strip and power centers, and central business districts; and A Pea in the Pod brand serves the medium-priced and luxury portion of the maternity apparel business with stores located in regional malls, lifestyle centers, and central business districts. Its Destination Maternity brand offers Motherhood Maternity and A Pea in the Pod merchandise, and various maternity-related products and customer service features through stores located in regional malls and lifestyle centers. The company also sells its merchandise on the Internet through DestinationMaternity.com and brand-specific Websites, including Motherhood.com and APeaInThePod.com, as well as through MotherhoodCanada.ca, Amazon.com, and amazon.co.uk Websites. In addition, it provides Two Hearts Maternity by Destination Maternity collection at Sears stores through a leased department relationship; and Oh Baby by Motherhood collection through a product and license agreement at Kohl’s stores, as well as through Kohls.com Website. The company was formerly known as Mothers Work, Inc. and changed its name to Destination Maternity Corporation in December 2008. Destination Maternity Corporation was founded in 1982 and is headquartered in Philadelphia, Pennsylvania.

destination maternity corp (DEST) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $117.4K
President
Total Annual Compensation: $533.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $401.7K
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $385.0K
Compensation as of Fiscal Year 2014.

destination maternity corp (DEST) Key Developments

Destination Maternity Corporation(NasdaqGS:DEST) dropped from Russell 2000 Index

Destination Maternity Corporation will be removed from Russell 2000 Index

Destination Maternity Corporation(NasdaqGS:DEST) dropped from Russell 3000 Index

Destination Maternity Corporation will be removed from the Russell 3000 Index.

Destination Maternity Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Full Year Fiscal 2016

Destination Maternity Corporation reported unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the quarter, the company's net sales were $141,612,000 compared to $143,476,000 a year ago. The slight decrease in total reported sales resulted primarily from decreased sales related to the Company's continued efforts to close underperforming stores and a decrease in comparable sales, substantially offset by increased international sales. The primary driver of the comparable sales decrease was adverse weather conditions across much of the United States during February, which suppressed store traffic and adversely impacted sales, particularly sales of Spring merchandise, which represent a significantly larger percentage of the Company's total sales for the first fiscal quarter than do sales of Fall merchandise. Operating income was $4,551,000 compared to $12,638,000 a year ago. Income before income taxes was $4,122,000 compared to $12,537,000 a year ago. Net income was $2,535,000 compared to $7,710,000 a year ago. Net income per share – diluted was $0.19 compared to $0.57 a year ago. Adjusted net income was $3,662,000 compared to $8,041,000 a year ago. Adjusted net income per share – diluted was $0.27 compared to $0.59 a year ago. Net cash used in operating activities was $7,061,000 compared to net cash provided by operating activities of $12,640,000 a year ago. Capital expenditures were $12,909,000 compared to $10,335,000 a year ago. Additions to intangible assets were $44,000 compared to $202,000 a year ago. Adjusted EBITDA was $10,354,000 compared to $17,807,000 a year ago. Adjusted EBITDA before other charges was $12,022,000 compared to $18,057,000 a year ago. The company reported comparable sales for the quarter were down 1.1% versus the prior year's down 4.0%, driven entirely by a slow February, which was significantly impacted by weather. The company provided financial guidance for the full year fiscal 2016. Comparable sales increase in the low single digits with greater comparable sales increases later in the fiscal year; Gross margins to increase slightly year-over-year, with greater increases later in the fiscal year, as the earlier comparable periods were affected by price promotional and markdown activity of prior season merchandise; Approximately $25 million in capital expenditures, including $9 million related to the relocation and $16 million of capital expenditures related to new stores, store relocations and remodels, as well as continued investment in information systems and technology, including inventory allocation technology.

 

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