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Destination Maternity Corp (DEST.OQ)

DEST.OQ on NASDAQ Stock Exchange Global Select Market

2.40USD
14 Dec 2018
Change (% chg)

$-0.10 (-4.00%)
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Volume
10,117
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15,226
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Latest Key Developments (Source: Significant Developments)

Destination Maternity Q3 Loss Per Share $0.30
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY REPORTS THIRD QUARTER AND FIRST NINE MONTHS FISCAL 2018 RESULTS.Q3 ADJUSTED LOSS PER SHARE $0.12.Q3 LOSS PER SHARE $0.30.Q3 SAME STORE SALES FELL 2.6 PERCENT.FULL-YEAR 2018 SG&A NOW GUIDED TO $198 MILLION TO $202 MILLION.Q3 SALES FELL 3.7 PERCENT TO $92.8 MILLION.Q3 E-COMMERCE SALES REPRESENTED 21.7% OF RETAIL SALES, COMPARED TO 20.7% LAST YEAR.RE-AFFIRMS FY 2019 AND FY 2022 ADJUSTED CASH FLOW AND ADJUSTED EBITDA.IN SHORT-TERM, WE EXPECT INVENTORY LEVELS WILL BE HIGHER THAN OPTIMAL.WHILE QTRLY E-COMMERCE REVENUES WERE FLAT COMPARED TO PRIOR YEAR, EXCLUDING 3RD PARTY E-COMMERCE SITES, SALES WERE UP 8%.FY 2019 COMPARABLE SALES EXPECTATIONS REMAIN UNCHANGED AT 0.0% - 1.4%.QTRLY BRICK AND MORTAR SALES REMAIN SLUGGISH.CONTINUE TO SHUTTER UNPROFITABLE STORES.IN SHORT-TERM, EXPECT INVENTORY LEVELS WILL BE HIGHER THAN OPTIMAL.SEES FY 2018 SALES $387 MILLION - $391 MILLION.SEES FY 2022 SALES $450 MILLION - $475 MILLION.SEES FY 2019 SALES $375 MILLION - $385 MILLION.SEES $7 MILLION IN CASH FLOW FROM WORKING CAPITAL IN FY 2019 FROM ON-GOING INVENTORY REDUCTION EFFORTS.SEES FY 2018 ADJUSTED LOSS PER SHARE $0.38 - $0.33 LOSS PER SHARE.SEES FY 2022 ADJUSTED EARNINGS PER SHARE $1.20 - $1.60.SEES FY 2019 ADJUSTED. LOSS PER SHARE $0.03 - ADJUSTED EARNINGS PER SHARE $0.15.  Full Article

Destination Maternity Enters Into New Employment Agreement With CEO
Friday, 2 Nov 2018 

Nov 1 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY ENTERS INTO NEW EMPLOYMENT AGREEMENT WITH CEO.DESTINATION MATERNITY CORP - COMPANY AND CHIEF EXECUTIVE OFFICER MARLA RYAN HAVE ENTERED INTO A NEW EMPLOYMENT AGREEMENT DATED NOVEMBER 1, 2018..DESTINATION MATERNITY - INITIAL TERM OF RYAN'S EMPLOYMENT AGREEMENT IS FOR 3 YRS, WITH INITIAL BASE SALARY OF $350,000 TO BE REVIEWED ANNUALLY.  Full Article

Destination Maternity Corp announces strategic plan for long-term growth and profitability
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORPORATION ANNOUNCES STRATEGIC PLAN FOR LONG-TERM GROWTH AND PROFITABILITY.DESTINATION MATERNITY CORP - COMPANY OUTLINES PERFORMANCE GOALS TO DELIVER IMPROVED PROFITABILITY; PROVIDES LONG-TERM OUTLOOK THROUGH FY 2022.DESTINATION MATERNITY CORP - RE-AFFIRMS FY 2018 GUIDANCE AND INTRODUCES FY 2019 AND FY 2022 OUTLOOKS.DESTINATION MATERNITY CORP - SEES FY 2022 ADJUSTED EPS OF $1.20 TO $1.60.DESTINATION MATERNITY - ANTICIPATES PLAN WILL HELP ACHIEVE FY 2022 REVENUE GOALS OF $450 MILLION TO $475 MILLION WITH E-COMMERCE GROWTH OF 20%+ ANNUALLY.DESTINATION MATERNITY CORP SEES FY 2022 ADJUSTED EBITDA OF $42 MILLION TO $51 MILLION.DESTINATION MATERNITY CORP - SEES FY 2022 ADJUSTED FREE CASH FLOW OF $29 MILLION TO $36 MILLION.DESTINATION MATERNITY CORP SEES FY FISCAL 2019 TOTAL REVENUE OF $377 MILLION TO $387 MILLION.DESTINATION MATERNITY CORP SEES 2019 ADJUSTED EPS RANGING FROM A LOSS OF $0.03 TO A PROFIT OF $0.15.DESTINATION MATERNITY CORP SEES FY FISCAL 2019 COMPANY COMPARABLE SALES UP 0.0% - 1.4%.DESTINATION MATERNITY CORP SEES 2019 ADJUSTED FREE CASH FLOW FROM $12.0 MILLION TO $15.6 MILLION.DESTINATION MATERNITY CORP - SEES FY 2022 SG&A DECLINING 42% TO 45% OF SALES.  Full Article

Destination Maternity Corp Provides Update On Corporate Restructuring
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORPORATION PROVIDES UPDATE ON CORPORATE RESTRUCTURING.DESTINATION MATERNITY CORP - EXPECTS NET SAVINGS OF $1.2 - $1.4 MILLION IN FY'19.DESTINATION MATERNITY CORP - FOCUS ON RATIONALIZING PRODUCT MIX AND REDUCING COSTS.DESTINATION MATERNITY CORP - DECISION TO REDUCE HEADCOUNT IN PRODUCT AND SOURCING DIVISIONS.DESTINATION MATERNITY CORP - EXPECTS RESTRUCTURING TO RESULT IN A ONE-TIME SEVERANCE CHARGE OF APPROXIMATELY $0.5 MILLION DURING Q3 OF 2018.  Full Article

Destination Maternity Announces Agreement With Second Largest Shareholder
Tuesday, 28 Aug 2018 

Aug 27 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY ANNOUNCES AGREEMENT WITH SECOND LARGEST SHAREHOLDER, NATHAN G. MILLER.DESTINATION MATERNITY CORP - AGREEMENT ALLOWS CO TO SHARE INFORMATION WITH MILLER SUBJECT TO CUSTOMARY CONFIDENTIALITY & TRADING RESTRICTIONS.DESTINATION MATERNITY - AGREEMENT PROVIDES FOR MUTUAL RELEASE OF POTENTIAL LEGAL CLAIMS BETWEEN CO & MILLER RELATED TO RECENT PROXY CONTEST.DESTINATION MATERNITY - TO REIMBURSE $1.2 MILLION OF MILLER’S EXPENSES INCURRED IN CONNECTION WITH PROXY CONTEST, WHICH WILL BE TAKEN AS A CHARGE IN Q2.  Full Article

Destination Maternity Corp Files For Mixed Shelf Of Up To $75 Mln
Thursday, 26 Jul 2018 

July 25 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORP FILES FOR MIXED SHELF OF UP TO $75 MILLION – SEC FILING.  Full Article

Marla Ryan Appointed Chief Executive Officer Of Destination Maternity
Wednesday, 30 May 2018 

May 30 (Reuters) - Destination Maternity Corp ::MARLA A. RYAN APPOINTED CHIEF EXECUTIVE OFFICER OF DESTINATION MATERNITY.DESTINATION MATERNITY CORP - ANNE-CHARLOTTE WINDAL APPOINTED INDEPENDENT CHAIR OF BOARD.DESTINATION MATERNITY CORP - RYAN REPLACES MELISSA PAYNER-GREGOR, WHO SERVED AS AN INTERIM CEO SINCE JANUARY 2018.DESTINATION MATERNITY CORP - PAYNER-GREGOR IS EXITING COMPANY TO PURSUE OTHER OPPORTUNITIES.  Full Article

Destination Maternity - Board Urges Shareholders Vote For Co's Director Candidates
Tuesday, 1 May 2018 

May 1 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY - BOARD URGES SHAREHOLDERS VOTE FOR DIRECTOR CANDIDATES BARRY ERDOS, MELISSA PAYNER-GREGOR, PETER LONGO AND PIERRE-ANDRÉ MESTRE.DESTINATION MATERNITY-BOARD ALSO URGES SHAREHOLDERS TO IGNORE ANY GOLD PROXY CARD SENT BY GROUP OF SHAREHOLDERS LED BY NATHAN MILLER AND PETER O’MALLEY.  Full Article

Nathan Miller Says On April 24, Sent Letter To Destination Maternity Board
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Destination Maternity Corp ::NATHAN MILLER SAYS ON APRIL 24, SENT A LETTER TO DESTINATION MATERNITY CORP BOARD - SEC FILING.NATHAN MILLER - WRITING TO EXPRESS CONCERN REGARDING RECENT ACTIONS BY DESTINATION MATERNITY BOARD, MANAGEMENT WITH RESPECT TO ELECTION OF DIRECTORS.  Full Article

Nathan Miller Submitted Update And Supplement To Notify Destination Maternity Of Withdrawal As Nominee
Saturday, 21 Apr 2018 

April 20 (Reuters) - Destination Maternity Corp ::NATHAN MILLER SAYS ON APRIL 20, SUBMITTED UPDATE AND SUPPLEMENT TO NOTIFY DESTINATION MATERNITY OF WITHDRAWAL OF HIMSELF AS NOMINEE - SEC FILING.NATHAN MILLER - RESERVED RIGHT TO INCREASE SLATE, RE-NOMINATE HIMSELF FOR ELECTION IF DESTINATION INCREASES NUMBER OF DIRECTORSHIPS FOR ELECTION.  Full Article