Destination Maternity revenue dips in Q1
Philadelphia -- Destination Maternity Corp. reported Tuesday that revenue for the first quarter edged down to $135.3 million, from $136.4 million in the year-ago period. The results fell within internal expectations of $132.5 million to $136.5 million.
Same-store sales rose 1.9%.
The maternity apparel retailer said the decline in total revenue was due in large part to sales declines related to closing underperforming stores.