Share “Destination Maternity 4Q revenue tops Street”

Destination Maternity 4Q revenue tops Street

Associated Press Modified: October 9, 2012 at 10:00 am •  Published: October 9, 2012
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Wall Street analysts surveyed by FactSet expect earnings of 24 cents per share. FactSet said the full earnings report is expected to be released on Nov. 20.

For the fourth quarter, revenue at stores open at least a year climbed 2.7 percent. The results include online sales.

This figure is a key indicator of a retailer's performance because it excludes results from stores recently opened or closed.

CEO Ed Krell said in a statement that Destination Maternity's fourth-quarter revenue performance was led by strong sales of its fall merchandise.

For the full year, revenue edged down 0.7 percent to $541.5 million, while revenue at stores open at least a year fell 0.3 percent.

Destination Maternity had 2,008 stores in the U.S. and Canada as of Sept. 30.

Destination Maternity shares rose $1.71, or 9.3 percent, to $20.04. Over the past year, the stock has traded between $13.51 and $22.53. The shares are down 11 percent from their 52-week high of $22.53 in early July.