Destination Maternity Corporation is an American designer and retailer of maternity apparel, based in Philadelphia, Pennsylvania.
It is publicly listed on the NASDAQ Stock Market under the stock ticker symbol ‘DEST’.
The company has approximately 1,906 retail locations across the US and Canada, including 578 stores, mainly under the tradenames A Pea in the Pod®, Motherhood Maternity®, and Destination Maternity®. As of March, 2014, the company also has 32 international franchised locations, including 19 Destination Maternity branded stores and 13 shop-in-shop locations.
It also sells its products online via its brand-specific websites.
The company was founded in 1982 as a mail-order maternity apparel catalog. It opened its first retail stores in 1985 and went completed its initial public offering in 1993.
Overview
- CEO: Edward M. Krell
- CFO: Judd P. Tirnauer
- Chairman: Arnaud Ajdler
- Type: Public
- Industry: Retail
- Publicly listed on the NASDAQ Stock Exchange
- NASDAQ stock ticker symbol: DEST
- S&P 500 Component
- Revenue: $540.259 million USD (2013)
- Net income: $23.943 million USD (2013)
- Diluted earnings per share: $1.78 USD (2013)
- Founded: 1982
- Employees: 1,600 (2013)
- Corporate headquarters: 456 North Fifth Street, Philadelphia, PA, USA
- Corporate contact number: (215) 873-2200
- Investor relations contact number: 215-873-2221
- Website: http://www.destinationmaternity.com/
| Operating data (in $ thousands) | 2013 | 2012 |
| Net sales | $540,259 | $541,476 |
| Cost of goods sold | $249,298 | $250,765 |
| Gross profit | $290,961 | $290,711 |
| Selling, general and administrative expenses | $252,026 | $255,623 |
| Operating income | $37,494 | $33,105 |
| Net income | $23,943 | $19,372 |
| Comprehensive income | $23,910 | $19,446 |
| Balance sheet data (in $ millions) | ||
| Total assets | $207,981 | $199,644 |
| Total liabilities | $85,348 | $94,672 |
| Total stockholders’ equity | $122,633 | $104,972 |
| Cash flow data (in $ millions) | ||
| Net cash provided by operating activities | $42,153 | $42,697 |
| Net cash used in investing activities | $(16,022) | $(9,521) |
| Net cash used in financing activities | $(23,926) | $(26,073) |
| Cash and cash equivalents at end of period | $24,555 | $22,376 |
| Common share data (in $) | ||
| Basic earnings (loss) per common share | $1.80 | $1.48 |
| Diluted earnings (loss) per common share | $1.78 | $1.46 |
Source: “Destination Maternity Corporation 2013 Annual Report”