DXL Earnings Reports

Destination XL Group, Inc. reported Q4 2024 sales of $119.2 million, down 13.1% from the previous year, with a net loss of $1.3 million or $(0.02) per diluted share. The company reported adjusted net income of $1.0 million or $0.02 per diluted share and adjusted EBITDA of $4.2 million. Gross margin declined to 44.4%, driven by higher occupancy costs due to sales deleverage.

Destination XL Group, Inc. reported strong first-quarter results, with total sales reaching $111.5 million, a 94.8% increase from the previous year. Comparable sales increased by 3.7% compared to fiscal 2019. The company achieved a net income of $8.7 million, or $0.14 per diluted share, a significant improvement from the net loss in the previous year.

Destination XL Group reported a decrease in total sales for the third quarter of fiscal 2020, but experienced growth in its direct business, particularly through DXL.com. The company also implemented cost reduction measures, including corporate restructurings, to improve financial flexibility and liquidity.

Destination XL Group reported a decrease in total sales by 38.0% to $76.4 million compared to the prior-year quarter. The net loss for the quarter was $(10.7) million, and adjusted EBITDA was $(4.3) million. Despite these challenges, the company saw a 69% increase in online sales and implemented cost-saving measures to manage liquidity.

Destination XL Group reported a 49.3% decrease in first-quarter sales due to the closure of store locations in response to the COVID-19 pandemic. The company focused on preserving financial flexibility through various measures, including drawing down on its credit facility, amending the credit facility, and reducing operating expenses. Despite the sales decline, the company saw growth in its e-commerce business and launched a new wholesale line for protective masks.

Destination XL Group, Inc. reported financial results for the fourth quarter and fiscal year 2019. Total sales for the fourth quarter were $131.2 million, an increase of $0.1 million from the prior year. Net income for the quarter was $2.4 million, compared to a net loss of $(7.2) million for the same quarter last year.