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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Rahuul Jashnani
Jashn

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

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

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

Eric Scholler
Groz-Beckert

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search