Destination Maternity (DEST) Reports Q4 Loss of $0.11; CFO Tirnauer Resigns
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Destination Maternity Reports Improved Fourth Quarter And Fiscal 2015 Results
March 29, 2016 6:01 AM EDTMOORESTOWN, N.J., March 29, 2016 /PRNewswire/ --Â Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced financial results for the fourth quarter and full year fiscal 2015 ended January 30, 2016 compared to the three months and twelve months ended January 31, 2015.
Fourth Quarter 2015 Selected Financial Results (13 weeks ended January 30, 2016):
Comparable sales decreased 3.5%, compared to a 1.0% decrease for the three month period ended January 31, 2015; Gross margin was 49.8%, up from 38.4% in the prior year period, which included a 9.0% negative impact from the $10.9 million inventory... MoreDestination Maternity Announces Resignation Of CFO
March 29, 2016 6:00 AM EDTMOORESTOWN, N.J., March 29, 2016 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced that Judd P. Tirnauer, Executive Vice President & Chief Financial Officer will depart the Company to take a senior leadership role with a private specialty retailer. Mr. Tirnauer will remain with the Company until April 22, 2016 to ensure a smooth transition.  The Company intends to immediately commence a search for a new chief financial officer.
Anthony Romano, Chief Executive Officer, President and Director of the Company, stated: "On... More
