DESTINATION MATERNITY CORPORATION (NASDAQ:DEST) Files An 8-K Results of Operations and Financial Condition

Item2.02.

On December8, 2016, Destination Maternity Corporation (the
Company) issued a press release and
held a broadly accessible conference call to discuss its
financial results for the quarter ended October29, 2016. A copy
of the press release is attached hereto as Exhibit 99.1
and is incorporated herein by reference. A copy of the script
read by management during the conference call is attached hereto
as Exhibit 99.2 and is incorporated herein by reference.

The press release contained non-GAAP financial measures within
the meaning of the Securities and Exchange Commissions Regulation
G, including: (a)Adjusted EBITDA (operating income (loss) before
deduction for the following non-cash charges: (i)depreciation and
amortization expense; (ii)loss on impairment of tangible and
intangible assets; (iii)loss (gain) on disposal of assets; and
(iv)stock-based compensation expense), together with the
percentage of net sales represented by this measure; (b)Adjusted
EBITDA before other charges, together with the percentage of net
sales represented by this measure; and (c)Adjusted net income
(loss) (net income (loss) before certain charges or credits),
together with the per share-diluted amount represented by this
measure.

The Company believes that each of these non-GAAP financial
measures provides useful information about the Companys results
of operations and/or financial position to both investors and
management. Each non-GAAP financial measure is provided because
management believes it is an important measure of financial
performance used in the retail industry to measure operating
results, to determine the value of companies within the industry
and to define standards for borrowing from institutional lenders.
The Company uses each of these non-GAAP financial measures as a
measure of the performance of the Company. In addition, certain
of the Companys cash and equity incentive compensation plans are
based on the Companys level of achievement of Adjusted EBITDA
before other charges, and the Companys Term Loan provides for
achievement of specified minimum levels of Consolidated EBITDA,
which is substantially identical to the Companys non-GAAP
financial measure of Adjusted EBITDA before other charges (except
that for purposes of the Term Loan, the amount of extraordinary,
unusual or non-recurring items that may be excluded is limited as
provided in the Term Loan).

The Company provides these measures to investors to assist them
in performing their analysis of its historical operating results.
Each of these non-GAAP financial measures reflects a measure of
the Companys operating results before consideration of certain
charges and consequently, none of these measures should be
construed as an alternative to net income (loss) or operating
income (loss) as an indicator of the Companys operating
performance, as determined in accordance with generally accepted
accounting principles. The Company may calculate each of these
non-GAAP financial measures differently than other companies.

With respect to the non-GAAP financial measures discussed in the
press release, the Company has provided, as an attachment to such
press release, a reconciliation of the non-GAAP financial
measures to the most directly comparable GAAP financial measures.

The disclosure in this Current Report, including in the Exhibits
attached hereto, of any financial information shall not
constitute an admission that such information is material.

The following exhibits are filed or furnished with this Form 8-K:

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About DESTINATION MATERNITY CORPORATION (NASDAQ:DEST)



DESTINATION MATERNITY CORPORATION (NASDAQ:DEST) Recent Trading Information

DESTINATION MATERNITY CORPORATION (NASDAQ:DEST) closed its last trading session at with 36,638 shares trading hands.