Destination Maternity (DEST) Reports Q1 EPS of $0.03; Updates FY16 Outlook
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Destination Maternity Reports Improved First Quarter Fiscal 2016 Results
May 26, 2016 6:00 AM EDTMOORESTOWN, N.J., May 26, 2016 /PRNewswire/ --Â Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced financial results for the first quarter of fiscal 2016 ended April 30, 2016 compared to the first quarter of fiscal 2015 ended May 2, 2015.
First Quarter Fiscal 2016 Selected Financial Results (13 weeks ended April 30, 2016):
Comparable sales decreased 5.4%, compared to a 1.1% decrease for the first quarter of fiscal 2015 (13 weeks ended May 2, 2015); Gross margin improved 370 basis points to 54.1%, up from 50.4% in the prior year quarter;Â SG&A declined approximately $5.2 million to $58.8 million,... More