Destination Maternity Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Fiscal Year Ended February 2, 2019; Provides Earnings Guidance for the Fiscal 2019; Reports Loss on Impairment of Long-Lived Assets for the Fourth Quarter Ended February 2, 2019
For the full year, the company's net sales were $383.750 million compared with $406.207 million a year ago. Operating loss was $9.602 million against $16.008 million a year ago. Net loss was $14.327 million compared to $21.597 million a year ago. Basic and diluted net loss per share was $1.03 compared to $1.57 a year ago.
For the full-year fiscal 2019, the company expects total sales to be in the range of $370.0 million to $380.0 million. Comparable Retail Sales to be in the range of down (1.0)% to up 1.0%.
For the quarter, the company reported loss on impairment of long-lived assets of $901,000 against $2,508,000 a year ago.