Destination Maternity Corp (DEST) Reports In-Line Q2 EPS; Comps Fell 5.1%

April 24, 2014 6:31 AM

Destination Maternity Corp (NASDAQ: DEST) reported Q2 EPS of $0.26, in-line with the analyst estimate of $0.26. Revenue for the quarter came in at $126.05 million versus the consensus estimate of $126.1 million.

Comparable sales for the second quarter of fiscal 2014 decreased 5.1% compared to a comparable sales increase of 1.6% for the second quarter of fiscal 2013. The comparable sales decrease of 5.1% for the second quarter of fiscal 2014 was below the low end of the Company's guidance range for a comparable sales change of between a decrease of 1% and an increase of 2%. Adjusting for the calendar timing shift, the Company's calendar-adjusted comparable sales decreased 5.6% for the second quarter of fiscal 2014 and increased 2.4% for the second quarter of fiscal 2013. The Company's Internet sales increased 0.6% for the second quarter of fiscal 2014 on a reported basis, and increased 4.7% in the second quarter of fiscal 2013.

Destination Maternity Corp sees FY2014 EPS of $1.49-$1.62, versus the consensus of $1.7.

For earnings history and earnings-related data on Destination Maternity Corp (DEST) click here.

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