Destination Maternity (DEST) Reports Q4 Loss of $0.23; Comps Fall 7.8%
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Destination Maternity Reports Fourth Quarter And Fiscal 2016 Results
April 13, 2017 6:45 AM EDTMOORESTOWN, N.J., April 13, 2017 /PRNewswire/ --Â Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced financial results for the fourth quarter and full year fiscal 2016 ended January 28, 2017 compared to the fourth quarter and full year fiscal 2015 ended January 30, 2016.
Fourth Quarter Fiscal 2016 Selected Financial Results (13 weeks ended January 28, 2017)
Comparable sales decreased 7.8% following a 3.5% decline for the fourth quarter of fiscal 2015; Gross margin improved 120 basis points to 51.0% from 49.8% in the fourth quarter of fiscal 2015; SG&A declined $6.9 million to $53.9 million, a... More