Destination Maternity Corporation reported sales results for the first quarter ended December 31, 2012. Net sales for the first quarter of fiscal 2013 decreased 0.8% to $135.3 million from $136.4 million reported for the first quarter of fiscal 2012. Comparable sales (which include Internet sales) increased 1.9% versus a comparable sales decrease of 4.1% for the first quarter of fiscal 2012. The slight decrease in total reported sales for the first quarter of fiscal 2013 compared to the first quarter of fiscal 2012 resulted primarily from decreased sales related to the Company's continued efforts to close underperforming stores, partially offset by the increase in comparable sales.

The company announced that it expects its first quarter fiscal 2013 earnings to be near the middle of its prior earnings guidance range and to significantly exceed last year's first quarter earnings. The company expects its diluted earnings per share for the first quarter to be near the middle of its prior earnings guidance range of $0.25 to $0.32 per share, and to be significantly higher than last year's first quarter diluted earnings of $0.17 per share.