Shares of Destination Maternity Corp. rose almost 55 percent in the two days after the maternity apparel retailer reported a second-quarter loss that was far lower than expected and raised its full-year guidance.
For the period ended March 31, the Philadelphia-based firm recorded a net loss of $1.9 million, or 32 cents a diluted share, compared with a net loss of $390,000, or 7 cents a share, in the year-ago quarter. Stripping out a goodwill charge of $3.4 million, the company’s net income totaled $1.5 million, or 25 cents a share. In January, the retailer forecasted a loss of between 22 and 35 cents a share, excluding charges.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"