Home / Knowledge / News / Apparel/Garments / Destination Maternity Q3'FY14 diluted EPS plunges 37.5%
Destination Maternity Q3'FY14 diluted EPS plunges 37.5%
30
Jul '14
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.
 
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.
 
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.
 
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. 
 
Click here to view full results.
 

Destination Maternity

Must ReadView All

Textiles | On 27th Jun 2016

Cotton sown area dips in north Indian states this year

The area under cotton sowing for 2016-17 crop year has decreased in...

Textiles | On 27th Jun 2016

China’s central bank weakens yuan to 5-year low

The People’s Bank of China (PBoC), the country’s central bank, has...

Textiles | On 27th Jun 2016

Brexit may not impact textile machinery industry: ITME

The recent decision of the United Kingdom to pull out of the...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Milind Khandwe
Hindoostan Innovation Centre

Which areas of innovation is the Hindustan Innovation Centre (HIC) focused ...

Shawn Honeycutt
Bolger & O'Hearn

Which chemicals are likely to dominate the sustainable textiles industry?...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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