Destination Maternity Corporation announced unaudited consolidated earnings results for the first quarter ended May 5, 2018. For the quarter, the company reported net sales were $103,227,000 against $106,426,000 a year ago. Operating income was $1,427,000 against operating loss of $45,000 a year ago. Income before income taxes was $270,000 against loss before income taxes of $1,049,000 a year ago. Net income was $214,000 against net loss of $1,142,000 a year ago. Diluted net income per share was $0.02 against diluted net loss per share of $0.08 a year ago. Adjusted net income was $1,024,000 against adjusted net loss of $687,000 a year ago. Diluted adjusted net income per share was $0.07 against diluted adjusted net loss per share of $0.05 a year ago. Net cash used in operating activities was $2,459,000 against net cash provided by operating activities of $6,590,000 a year ago. Capital expenditures were $1,141,000 against $2,027,000 a year ago. Adjusted EBITDA was $6,705,000 against $6,270,000 a year ago.

The company announced impairment on assets for three months ended May 5, 2018. The company reported loss on impairment of long-lived assets $887,000.