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BRIEF-Destination Maternity posts Q1 earnings of $0.30/share
May 26, 2016 / 10:26 AM / a year ago

BRIEF-Destination Maternity posts Q1 earnings of $0.30/share

May 26 (Reuters) - Destination Maternity Corp :

* Destination Maternity reports improved first quarter fiscal 2016 results

* Q1 adjusted earnings per share $0.33

* Q1 GAAP earnings per share $0.30

* Q1 sales $124.4 million versus $141.6 million

* Q1 same store sales fell 5.4 percent

* Company updated its financial guidance for fiscal 2016

* Comparable sales expected to be flat for full fiscal year with greater improvement in second half of fiscal 2016

* 2016 gross margin to increase approximately 200 to 300 basis points year-over-year Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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