Destination Maternity (DEST) Tops Q1 EPS Views; Comps Up 0.3%; Increases FY11 EPS Outlook

April 27, 2011 7:23 AM
Destination Maternity Corporation (NASDAQ: DEST) reported Q1 EPS of $0.45, $0.11 better than the analyst estimate of $0.34. Revenue for the quarter came in at $133.8 million versus the consensus estimate of $134.87 million.

Increases FY11 non-GAAP EPS from $1.945 - $2.12 to $2.03-$2.22, versus the consensus of $1.96. Destination Maternity Corporation sees FY2011 revenue of $555-$565 million, versus the consensus of $561.80 million.

Comparable retail sales (which consists of comparable store sales and Internet sales) for the second quarter of fiscal 2011 increased 0.3%.

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