Destination Maternity (DEST) Reports Adjusted 8.1% Decline in Comps
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Destination Maternity Corporation (NASDAQ: DEST) today reported sales for the month of November 2009.
Net sales for the month of November 2009 decreased 3.1% to $42.7 million from $44.0 million reported for the month of November 2008. Comparable store sales for the month of November 2009 decreased 11.6% on a reported basis, and decreased approximately 8.1% after adjusting for the "days adjustment calendar timing shift." This decrease in comparable store sales for November is in line with the Company's guidance range for November comparable store sales decrease of between 10.0% and 12.5% on a reported basis, and between 6.5% and 9.0% after adjusting for the calendar shift, which was provided in its November 18, 2009 press release.
Net sales for the month of November 2009 decreased 3.1% to $42.7 million from $44.0 million reported for the month of November 2008. Comparable store sales for the month of November 2009 decreased 11.6% on a reported basis, and decreased approximately 8.1% after adjusting for the "days adjustment calendar timing shift." This decrease in comparable store sales for November is in line with the Company's guidance range for November comparable store sales decrease of between 10.0% and 12.5% on a reported basis, and between 6.5% and 9.0% after adjusting for the calendar shift, which was provided in its November 18, 2009 press release.
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