Destination Maternity Corporation, the world's leading maternity apparel retailer, announced operating results for the third quarter of fiscal 2014, which ended June 30, 2014.
Destination Maternity Corporation, the world's leading maternity apparel retailer, announced operating results for the third quarter of fiscal 2014, #
Highlights:
-Q3 Fiscal 2014 Diluted EPS of $0.40, a decrease from last year's Q3 Diluted EPS of $0.64 and lower than prior guidance of $0.53-$0.62 provided on April 24, 2014. On July 10, 2014, the Company announced that it expected its Q3 Diluted EPS to be below this prior guidance range.
-Q3 Fiscal 2014 Adjusted Diluted EPS of $0.35, a decrease from last year's Q3 Adjusted Diluted EPS of $0.64 and lower than prior guidance of $0.56-$0.65 provided on April 24, 2014. On July 10, 2014, the Company announced that it expected its Q3 Adjusted Diluted EPS to be below this prior guidance range.
-First nine months Fiscal 2014 Diluted EPS of $0.96, a decrease from last year's first nine months Diluted EPS of $1.37
-First nine months Fiscal 2014 Adjusted Diluted EPS of $0.92, a decrease from last year's first nine months Adjusted Diluted EPS of $1.37
-Projected full year Fiscal 2014 Diluted EPS of $1.11-$1.21, compared to Fiscal 2013 full year Diluted EPS of $1.78, and compared to prior Diluted EPS guidance of $1.53-$1.66. Projected full year Fiscal 2014 Adjusted Diluted EPS of $0.97-$1.07, compared to Fiscal 2013 full year Adjusted Diluted EPS of $1.69, and compared to prior Adjusted Diluted EPS guidance of $1.49-$1.62.
-Projected full year Fiscal 2015 Diluted EPS decrease of 7% to 19% compared to projected full year Fiscal 2014 Diluted EPS. Projected full year Fiscal 2015 Adjusted Diluted EPS growth of 3% to 15% compared to projected full year Fiscal 2014 Adjusted Diluted EPS.
-On July 23, 2014 the Company announced that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share payable September 26, 2014.
Destination Maternity Corporation, the world's leading maternity apparel retailer, announced operating results for the third quarter of fiscal 2014, #
Third Quarter Fiscal 2014 Financial Results
Net income for the third quarter of fiscal 2014 was $5.5 million, a decrease compared to net income of $8.6 million for the third quarter of fiscal 2013. Diluted earnings per share for the third quarter of fiscal 2014 was $0.40, a decrease compared to $0.64 for the third quarter of fiscal 2013. This third quarter fiscal 2014 diluted earnings per share performance was lower than the Company's prior guidance range of $0.53-$0.62 provided in its April 24, 2014 press release.
Destination Maternity Corporation, the world's leading maternity apparel retailer, announced operating results for the third quarter of fiscal 2014, #
In its July 10, 2014 press release reporting sales for the third quarter of fiscal 2014, the Company stated that it expected diluted and adjusted diluted earnings per share for the third quarter of fiscal 2014 would be below the guidance ranges provided previously and, as such, the guidance provided previously was no longer valid.
Destination Maternity Corporation, the world's leading maternity apparel retailer, announced operating results for the third quarter of fiscal 2014, #
Destination Maternity Corporation, the world's leading maternity apparel retailer, announced operating results for the third quarter of fiscal 2014, #
Destination Maternity