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Last $11.01 USD
Change Today -0.34 / -3.00%
Volume 35.8K
DEST On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

destination maternity corp (DEST) Snapshot

Open
$11.14
Previous Close
$11.35
Day High
$11.35
Day Low
$10.96
52 Week High
09/2/14 - $19.58
52 Week Low
07/28/15 - $9.19
Market Cap
152.6M
Average Volume 10 Days
82.7K
EPS TTM
--
Shares Outstanding
13.9M
EX-Date
10/6/15
P/E TM
--
Dividend
$0.80
Dividend Yield
7.27%
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 May 2, 2015, it operated 1,868 retail locations, including 557 stores primarily under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity trade names; and 1,311 leased department locations, as well as 128 international franchised locations comprising 24 Destination Maternity branded stores and 104 shop-in-shop locations. 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 Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 1, 2015; Provides Financial Guidance for the Year 2015; Reports Loss on Impairment of Long-Lived Assets for the Second Quarter of 2015

Destination Maternity Corporation announced unaudited consolidated earnings results for the second quarter and six months ended August 1, 2015. For the quarter, the company reported net sales of $119,306,000 compared to $120,836,000 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 decreased licensed sales, partially offset by an increase in comparable sales. Operating loss was $4,018,000 compared to $2,069,000 a year ago. Loss before income taxes was $4,362,000 compared to $2,167,000 a year ago. Net loss was $2,682,000 or $0.20 per basic and diluted share compared to net income of $321,000 or $0.02 per basic and diluted share a year ago. Adjusted net loss was $1,683,000 or $0.12 per diluted share compared to $303,000 or $0.02 per diluted share a year ago. Adjusted EBITDA was $938,000 compared to $2,871,000 a year ago. For the six months, the company reported net sales of $260,918,000 compared to $264,312,000 a year ago. The decrease in sales resulted primarily from decreased sales related to the company's continued efforts to close underperforming stores, partially offset by an increase in comparable sales. Operating income was $533,000 compared to $10,569,000 a year ago. Loss before income taxes was $240,000 compared to profit of $10,370,000 a year ago. Net loss was $147,000 or $0.01 per basic and diluted share compared to net income of $8,031,000 or $0.59 per diluted share a year ago. Adjusted net income was $1,979,000 or $0.15 per diluted share compared to $7,738,000 or $0.57 per diluted share a year ago. Net cash provided by operating activities was $7,252,000 compared to $19,952,000 a year ago. Capital expenditures were $18,884,000 compared to $22,877,000 a year ago, million primarily driven by expenditures for new stores and the relocations of the company's headquarters and distribution facilities. Additions to intangible assets were $83,000 compared to $827,000 a year ago. Adjusted EBITDA was $11,292,000 compared to $20,678,000 a year ago. The company provided financial guidance for the year 2015. For the year, the company expects comparable sales essentially flat, with greater comparable sales increases in the fourth quarter, gross margins to be flat to last year, increasing significantly in the fourth quarter, as the earlier comparable periods were affected by price promotional and markdown activity to drive sales and more aggressively manage aged inventory and exit current season merchandise; approximately $27 million in capital expenditures, including $10 million related to the relocation and $17 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. For the second quarter, the company reported loss on impairment of long-lived assets of $262,000.

Destination Maternity Corporation Declares Quarterly Cash Dividend Payable on October 22, 2015

Destination Maternity Corporation announced that its Board of Directors has declared a regular quarterly cash dividend of $0.20 per share. The cash dividend will be payable on October 22, 2015 to stockholders of record at the close of business on October 8, 2015.

Destination Maternity Corporation, Q2 2015 Earnings Call, Aug 27, 2015

Destination Maternity Corporation, Q2 2015 Earnings Call, Aug 27, 2015

 

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