Destination Maternity Corporation Announces Sales Results for the Second Quarter Ended July 29, 2017; Provides Earnings Guidance for the Second Quarter Ended July 29, 2017
The company noted that the improvement in trend reflects both the positive impact from its web re-platform and merchandising planning and allocation improvements. The company noted further that it expects to report improved Adjusted EBITDA before other charges for the quarter versus the second quarter of fiscal 2016 as a result of continued improvement in gross margin as well as reduced expenses. The company further expects a reduction in net debt at quarter end versus the fiscal 2016 second quarter.