Destination Maternity (DEST) Reports Q1 Loss of $0.08
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Destination Maternity Reports First Quarter Fiscal 2017 Results
June 8, 2017 6:45 AM EDTMOORESTOWN, N.J., June 8, 2017 /PRNewswire/ --Â Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced financial results for the first quarter of fiscal 2017 ended April 29, 2017 compared to the first quarter of fiscal 2016 ended April 30, 2016.
First Quarter Fiscal 2017 Selected Financial Results (13 weeks ended April 29, 2017)
Net sales were $106.4 million compared with $124.4 million for the prior year quarter. Gross margin improved 30 basis points to 54.4%, up from 54.1% in the prior year quarter. SG&A declined approximately $3.2 million to $55.6 million, a... More