Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at email@example.com in case you need any other additional information.
For the reported period, the gross margin was 53.7 per cent and the selling, general and administrative (SG&A) expenses decreased 6.8 per cent to $51.9 million. While, the adjusted EBITDA before other charges was $7.9 million for the first quarter of fiscal 2018, an increase of 24.2 per cent compared to $6.3 million for the first quarter of fiscal 2017.
The company's net income was $0.2 million, or $0.02 per share (diluted), compared to a net loss of $1.1 million, or $0.08 per share (diluted), for the first quarter of fiscal 2017. The adjusted net income for the first quarter of fiscal 2018 was $1.0 million, or $0.07 per share (diluted), compared to the comparably adjusted net loss for the first quarter of fiscal 2017 of $0.7 million, or $0.05 per share (diluted).
"Our financial performance in the first quarter was in line with expectations, highlighted by reductions in SG&A, double digit growth in our e-commerce channel and increases in operating income," said Marla Ryan, chief executive officer of Destination Maternity. "While I am encouraged by our progress, there is more work to be done to unlock the company’s full potential and improve our overall operating performance."
"Since taking the helm as CEO, I have been working closely with our employees to implement a comprehensive and attainable business plan geared toward accelerating revenue growth, rationalising expenses and improving profitability. This includes identifying opportunities to expand our ecommerce sales platform, prioritising inventory optimisation and developing new partnerships and innovations that will help us better engage with our customers and drive strengthened brand loyalty."
"While it is still early days for me, I am excited for the opportunities ahead. With the support of a highly talented team of employees, combined with Destination Maternity’s strong brand equity, I am confident we can transform this company into a more nimble and profitable organisation that generates long term shareholder value," concluded Ryan. (RR)
Fibre2Fashion News Desk – India
| On 11th Jul 2020
The European Commission recently published a set of resources to help ...
| On 11th Jul 2020
Inditex, a Spanish fashion retailer, has announced that to accelerate ...
ING Bank, the fourth-largest bank by assets in Romania, launched its...
‘As a brand, Puma is always looking for new and innovative ways to inspire ...
‘The terms eco-friendly and organic are common but everyone perceives them ...
Bolger & O'Hearn
‘The Indian market is interesting and rather persistent in seeking new...
A leading manufacturer of automated machinery and equipment for the...
Headquartered in Surat, Gujarat, Orange O supplies digital
Karan Behal, founder and chief executive of top-selling brand...
German company Dilo Group is one of the leading equipment suppliers of...
Sameer Sonkusale & Rachel Owyeung
A team at the Tufts University in Massachusetts was recently in news for...
Directa Plus SpA
Directa Plus is one of the largest producers and suppliers worldwide of...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
The creations by Aprajita Toor were born out of a deep desire to create...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.