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Destination Maternity Corp (DEST.OQ)

DEST.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Destination Maternity Reports Q1 Results
Thursday, 13 Jun 2019 

June 12 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY REPORTS FIRST QUARTER FISCAL 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.04.Q1 EARNINGS PER SHARE $0.01.Q1 SALES FELL 8.7 PERCENT TO $94.2 MILLION.Q1 SAME STORE SALES FELL 7.2 PERCENT.MARLA RYAN, BY MUTUAL AGREEMENT WITH BOARD, WILL STEP DOWN AS CHIEF EXECUTIVE OFFICER, EFFECTIVE JUNE 13.BOARD HAS CREATED AN OFFICE OF CEO ON AN INTERIM BASIS.BOARD IS NOW CONDUCTING A COMPREHENSIVE REVIEW OF COMPANY'S STRATEGIC INITIATIVES.DESTINATION MATERNITY - FOR FY 2019, NOW EXPECTS ANNUAL ADJUSTED EBITDA GUIDANCE TO BE IN $13 MILLION TO $17 MILLION RANGE.  Full Article

Destination Maternity Corporation Announces Senior Leadership Transition And Appoints New Board Member
Thursday, 13 Jun 2019 

June 12 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORPORATION ANNOUNCES SENIOR LEADERSHIP TRANSITION AND APPOINTS NEW BOARD MEMBER.DESTINATION MATERNITY CORP - BOARD INITIATES CEO SEARCH.DESTINATION MATERNITY CORP - COMPANY ADDS GENE DAVIS TO BOARD OF DIRECTORS.DESTINATION MATERNITY CORP - LISA GAVALES NAMED CHAIR OF NEWLY CREATED INTERIM OFFICE OF CEO.DESTINATION MATERNITY CORP - UPON APPOINTMENT, DAVIS WILL SERVE AS CHAIRMAN OF DESTINATION MATERNITY BOARD OF DIRECTORS.  Full Article

Destination Maternity Announces Two Key Executive Appointments - CFO And Chief Transformation Officer
Thursday, 10 Jan 2019 

Jan 9 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY ANNOUNCES TWO KEY EXECUTIVE APPOINTMENTS - CHIEF FINANCIAL OFFICER AND CHIEF TRANSFORMATION OFFICER.SAYS DAVE J. HELKEY APPOINTED CFO AND COO.CONSULTANT CONTRACT TO ENGAGE DOUG GOEKE AS NEW CHIEF TRANSFORMATION OFFICER.HELKEY MOST RECENTLY SERVED AS CFO OF THINGS REMEMBERED.  Full Article

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