Destination Maternity Announces Investor Conference Call; Management to Discuss Its Strategic Plan for Long Term Growth & Pro...
October 26 2018 - 4:32PM
Business Wire
Will Provide Details on Financial Outlook and
Company’s Strategic Plan, Destination Forward
Destination Maternity Corporation (NASDAQ:DEST) (the “Company”)
announced today that it will host a conference call on Thursday,
November 1, 2018 at 9:30 am ET to discuss its strategic plan,
Destination Forward, which is focused on driving the Company’s long
term growth and profitability. A press release and an investor
presentation outlining Destination Maternity’s strategic plan will
be posted on the Company’s investor relations page prior to the
start of the call.
Investors and analysts can participate in this conference call
by dialing (866) 316-2683 in the United States and Canada or (720)
405-4066 outside of the United States and Canada. The call will
also be available on the investors section of the Company's website
at http://investor.destinationmaternity.com. Passcode for the
conference call is 1279315.
In the event that you are unable to participate in the call, a
replay will be available at 12:30 pm ET on November 1, 2018 through
11:59 p.m. ET on November 8, 2018 by calling (800) 585-8367 in the
United States and Canada or (404) 537-3406 outside of the United
States and Canada. Passcode for the replay is 1279315.
Forward-Looking Statements
The Company cautions that any forward-looking statements (as
such term is defined in the Private Securities Litigation Reform
Act of 1995) contained in this release or made from time to time by
management of the Company, including those regarding various
business and financing initiatives, involve risks and
uncertainties, and are subject to change based on various important
factors. The following factors, among others, could cause actual
results to differ materially from those expressed or implied in any
of the forward-looking statements in this press release: the
strength or weakness of the retail industry in general and of
apparel purchases in particular; our ability to successfully manage
our various business initiatives; our ability to enter into
definitive documentation for the refinancing facility with Bank of
America in the timeframe expected or at all; our ability to
successfully manage our real estate relationships; overall economic
conditions and other factors affecting consumer confidence,
demographics and other macroeconomic factors that may impact the
level of spending for apparel (such as fluctuations in pregnancy
rates and birth rates), availability of suitable store locations,
our ability to develop and source merchandise and other factors set
forth in the Company’s periodic filings with the Securities and
Exchange Commission. Although it is believed that the expectations
reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have
been correct and persons reading this release are therefore
cautioned not to place undue reliance on these forward-looking
statements which speak only as at the date of this release. The
Company assumes no obligation to update or revise the information
contained in this release (whether as a result of new information,
future events or otherwise), except as required by applicable
law.
About Destination Maternity
Destination Maternity Corporation (Nasdaq: DEST) is the world's
largest designer and retailer of maternity apparel. As of August,
4, 2018, Destination Maternity operates 1,114 retail locations in
the United States, Canada and Puerto Rico, including 480 stores,
predominantly under the trade names Motherhood Maternity®, A Pea in
the Pod® and Destination Maternity®, and 634 leased department
locations. The Company also sells merchandise on the web primarily
through its brand-specific websites, motherhood.com and
apeainthepod.com, as well as through its destinationmaternity.com
website. Destination Maternity has international store franchise
and product supply relationships in the Middle East, South Korea,
Mexico, Israel and India. As of August 4, 2018, Destination
Maternity has 188 international franchised locations, including 11
standalone stores operated under one of the Company's nameplates
and 177 shop-in-shop locations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181026005525/en/
For Destination Maternity CorporationSloane & CompanyDan
Zacchei / Erica Bartsch, 212-486-9500Dzacchei@sloanepr.com /
EBartsch@sloanepr.com
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