Home / Knowledge / News / Apparel/Garments / Destination Maternity Q2 FY'14 diluted EPS plunges 45%
Destination Maternity Q2 FY'14 diluted EPS plunges 45%
24
Apr '14
Destination Maternity Corporation, the world's leading maternity apparel retailer, announced operating results for the second quarter of fiscal 2014, which ended March 31, 2014, and updated its earnings guidance for fiscal 2014.
 
Highlights: 
-Q2 Fiscal 2014 Diluted EPS of $0.24, a decrease from last year's Q2 Diluted EPS of $0.44 and in line with updated guidance of $0.23-$0.24 per share provided on April 10, 2014, but lower than prior guidance of $0.35-$0.40 provided on January 30, 2014
- Q2 Fiscal 2014 Adjusted Diluted EPS of $0.26, a decrease from last year's Q2 Adjusted Diluted EPS of $0.44 and in line with updated guidance of $0.25-$0.26 per share provided on April 10, 2014, but lower than prior guidance of $0.37-$0.42 provided on January 30, 2014
- First six months Fiscal 2014 Diluted EPS of $0.55, a decrease from last year's first six months Diluted EPS of $0.73
- First six months Fiscal 2014 Adjusted Diluted EPS of $0.59, a decrease from last year's first six months Adjusted Diluted EPS of $0.73
- Projected full year Fiscal 2014 Diluted EPS of $1.53-$1.66, compared to Fiscal 2013 full year Diluted EPS of $1.78, and compared to prior Diluted EPS guidance of $1.61-$1.79. Projected full year Fiscal 2014 Adjusted Diluted EPS of $1.49-$1.62, compared to Fiscal 2013 full year Adjusted Diluted EPS of $1.69, and compared to prior Adjusted Diluted EPS guidance of $1.72-$1.90.
- On April 23, 2014 the Company announced that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share payable June 27, 2014.
 
Second Quarter Fiscal 2014 Financial Results
Net income for the second quarter of fiscal 2014 was $3.2 million, a decrease compared to net income of $5.9 million for the second quarter of fiscal 2013. Diluted earnings per share for the second quarter of fiscal 2014 was $0.24, a decrease compared to $0.44 for the second quarter of fiscal 2013. This second quarter fiscal 2014 diluted earnings per share performance was in line with the Company's updated guidance of $0.23-$0.24 per share provided on April 10, 2014, but lower than its prior guidance range of $0.35-$0.40 provided in its January 30, 2014 results.
 
Click here to view full results.
 

Destination Maternity

Must ReadView All

Apparel/Garments | On 29th Jun 2016

Bangladesh revises tax at source on RMG down to 0.7%

Following requests made by trade bodies, the Bangladesh government...

AEPC chairman Ashok G Rajani speaking at the press conference. Courtesy: AEPC

Apparel/Garments | On 29th Jun 2016

Apparel sector pledges Rs 623cr investment post package

The apparel sector is buoyant after the recent announcement of Rs...

Apparel/Garments | On 29th Jun 2016

India’s apparel exports may touch $20bn in FY17: CMAI

The value of clothing exports from India is likely to touch $20...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

What is the influence of foreign trends and designs on Indian fashion?

Dinaz Madhukar
DLF Emporio and DLF Promenade

How do you see the competition from e-stores? What is the marketing...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search