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BRIEF-Destination Maternity reports Q1 loss per share $0.08
June 8, 2017 / 10:59 AM / 6 months ago

BRIEF-Destination Maternity reports Q1 loss per share $0.08

June 8 (Reuters) - Destination Maternity Corp-

* Destination Maternity reports first quarter fiscal 2017 results

* Q1 gaap loss per share $0.08

* Destination Maternity Corp says qtrly gross margin improved 30 basis points to 54.4%, up from 54.1% in prior year quarter

* Q1 sales $106.4 million versus $124.4 million

* Q1 adjusted loss per share $0.05

* Destination Maternity Corp says “our financial results in q1 were challenging and below expectations”

* Qtrly ‍comparable sales decreased 7.3%​

* Destination Maternity Corp - ‍charges during q1 of fiscal 2017 were $0.8 million, primarily for legal and advisory fees related to proposed merger​

* Destination Maternity-“as we look ahead to remainder of year, we continue to believe we are positioned to drive improvement in sales and profitability” Source text for Eikon: Further company coverage:

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