Destination XL Group

Destination XL Group, Inc. is engaged in the retail of specialty products. It offers shirts, pants, shorts, outerwear, activewear, suiting, underwear and lounge, shoes, and accessories. It distributes its products under the following brand names: Destination X, DXL, DXL Men's Apparel, DXL Outlets, Casual Male XL, and Casual Male XL Outlets. It operates through the Stores, and Direct Businesses segments. The company was founded by Calvin Margolis and Stanley I. Berger in 1976 and is headquartered in Canton, MA.

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DXLG reports resilient Q1 performance amidst economic challenges

DXLG's Q1 performance reflects resilience in the face of economic challenges, with a focus on strategic initiatives and future prospects. The company's strengths in differentiation, growth orientation, and store remodeling present opportunities for market share expansion. However, DXLG is navigating a period of gross margin decline and softening retail economy.

DXLG reports strong Q2 performance and plans for sustainable growth

DXLG's Q2 earnings call highlighted strong financial performance, future growth plans, and a focus on brand awareness and retail expansion. The company faces challenges in maintaining EBITDA margins and evaluating capital investments, but sees opportunities in increased investment, store openings, and potential impact from new weight loss drugs.

DXLG reports Q3 results, revises guidance, and focuses on growth

DXLG's Q3 call highlighted a focus on controlling margins and inventory levels, revising full-year guidance, and moderating investment view due to economic uncertainties. The company is optimistic about its growth strategy, including the loyalty program and store expansion plans.

Destination XL Group (DXLG) posts robust Q4 results and eyes market expansion

Destination XL Group (DXLG) delivered strong Q4 2022 results, showcasing growth in sales, positive comp sales, and strategic initiatives for big and tall men's fashion.
While facing challenges like macroeconomic headwinds and changing consumer spending habits, DXLG remains focused on differentiation, growth opportunities, and prudent capital allocation.
With a clear brand ethos, commitment to customer experience, and plans for market expansion, DXLG is poised for continued success and shareholder value creation in fiscal 2023.

Destination XL Group reports Q1 growth, plans strategic initiatives

DXLG remains focused on growth, emphasizing personalized communication, increased gross margins, and EBITDA. Despite economic uncertainties, the company plans to invest for future growth, enhance consumer experience, and execute share buybacks.

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CANTON, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc, (NASDAQ: DXLG), the leading integrated - commerce specialty retailer of Big + Tall men's clothing and shoes, today confirmed that it has received a non-binding proposal from Fund 1 Investments, LLC to acquire all of the outstanding shares of the Company.

Destination XL Group, Inc. Confirms Receipt of Non-Binding Proposal from Fund 1 Investments, LLC

Destination XL Group, Inc. reported a 10-11% drop in comparable sales for Q3 2024, leading to a significant margin decline and a second guidance cut this year. Despite efforts to maintain margins, the company has resorted to aggressive discounting to compete, impacting future margins and profitability. DXLG's valuation is distressed, reflecting its current unprofitability; however, a 10% sales improvement could make the stock attractive given its low EV.

Destination XL's Q3 Was Weak, And The Name Is Now In Unprofitable Territory

Destination XL Group, Inc. (NASDAQ:DXLG ) Q3 2024 Earnings Conference Call November 22, 2024 9:00 AM ET Company Participants Shelly Mokas - Vice President of Financial Reporting and SEC Compliance Harvey Kanter - President, Chief Executive Officer and Director Peter Stratton - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Michael Baker - D.A. Davidson Operator Good day, everyone, and welcome to the Destination XL Group Third Quarter Fiscal 2024 Financial Results Conference Call.

Destination XL Group, Inc. (DXLG) Q3 2024 Earnings Call Transcript

Sales of $107.5 million, Net Loss of $(0.03) per diluted share, Lowers Guidance Sales of $107.5 million, Net Loss of $(0.03) per diluted share, Lowers Guidance

Destination XL Group, Inc. Reports Third Quarter Financial Results

CANTON, Mass., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its third quarter of fiscal 2024 financial results before the market opens on Friday, November 22, 2024.

Destination XL Group, Inc. to Announce Third Quarter 2024 Financial Results on Friday, November 22, 2024

Destination XL Group, Inc.'s Q2 2024 results were poor, with comparables worsening and traffic issues, leading to a downgrade to a Hold due to execution problems. The company lowered its FY24 sales guidance again, now expecting $470-$490 million, reflecting a 10% decline in comparables. Management cited low store traffic and underpricing by carried brands, indicating model issues and slow adaptation to market conditions.

Destination XL: Problems Worse Than I Thought, Discount To Earnings Not Enough

Destination XL Group, Inc. (NASDAQ:DXLG ) Q2 2024 Earnings Conference Call August 29, 2024 9:00 AM ET Company Participants Shelly Mokas - Vice President of Financial Reporting and SEC Compliance Harvey Kanter - President and Chief Executive Officer Peter Stratton - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Markets Keegan Cox - D.A. Davidson Operator Good day everyone and welcome to the Destination XL Group, Inc. Second Quarter Fiscal 2024 Financial Results Conference Call.

Destination XL Group, Inc. (DXLG) Q2 2024 Earnings Call Transcript

Sales of $124.8 million, Net Income of $0.04 per diluted share, Revises Full-Year Guidance Sales of $124.8 million, Net Income of $0.04 per diluted share, Revises Full-Year Guidance

Destination XL Group, Inc. Reports Second Quarter Financial Results

CANTON, Mass., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its second quarter of fiscal 2024 financial results before the market opens on Thursday, August 29, 2024.

Destination XL Group, Inc. to Announce Second Quarter 2024 Financial Results on August 29, 2024

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Destination XL Group, Inc. Investors: Company Investigated by the Portnoy Law Firm

NEW YORK, NY / ACCESSWIRE / July 14, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Destination XL Group, Inc. ("Destination XL" or the "Company") (NASDAQ:DXLG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Destination XL Group, Inc. - DXLG

NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Destination XL Group, Inc. (“Destination XL” or the “Company”) (NASDAQ: DXLG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com  or 646-581-9980, ext. 7980.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Destination XL Group, Inc. - DXLG

NEW YORK, June 30, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Destination XL Group, Inc. (“Destination XL” or the “Company”) (NASDAQ: DXLG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Destination XL Group, Inc. – DXLG

DXLG reported disappointing Q1 results, with sales down 8% and operating income falling close to 50%. Despite the negative results, DXLG maintained gross margins and reduced SG&A while investing in stores, marketing, and a website rebuild. Management had warned of bad Q1 results in 4Q23, and FY24 guidance implies a fall of 5% in sales, so the results were not unexpected.

Destination XL: Q1 Was Bad As Expected; However, The Stock Is Still A Buy

Destination XL Group, Inc. (NASDAQ:DXLG ) Q1 2024 Earnings Conference Call May 30, 2024 9:00 AM ET Company Participants Shelly Mokas - Vice President of SEC and Finance Reporting Harvey Kanter - President and CEO Peter Stratton - CFO Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Markets Michael Baker - D.A. Davidson Operator Good day and thank you for standing by.

Destination XL Group, Inc. (DXLG) Q1 2024 Earnings Call Transcript

Sales of $115.5 million, Net Income of $0.06 per diluted share, Confirms Lower End of Full-Year Guidance Continues to Invest in Strategic Growth Initiatives CANTON, Mass., May 30, 2024 (GLOBE NEWSWIRE) --   Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated-commerce specialty retailer of Big + Tall men's clothing and shoes, today reported operating results for the first quarter of fiscal 2024, and updated sales and earnings guidance for the fiscal year.

Destination XL Group, Inc. Reports First Quarter Financial Results

CANTON, Mass., May 13, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (Nasdaq: DXLG), the largest integrated commerce specialty retailer of Big + Tall men's clothing and shoes, announced today the launch of a multichannel marketing campaign, developed in collaboration with creative agency Barrett Hofherr and media agency Mediassociates.

Here's a Crazy And Clever Marketing Idea: Clothes That Actually Fit

CANTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its first quarter of fiscal 2024 financial results before the market opens on Thursday, May 30, 2024.

Destination XL Group, Inc. to Announce First Quarter 2024 Financial Results on May 30, 2024

CANTON, Mass., April 29, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (Nasdaq: DXLG), the country's leading retailer specializing in Big + Tall men's clothing and shoes, is excited to announce a strategic collaboration with Nordstrom, Inc., a leading fashion retailer, which will launch on their digital platform. This collaboration marks a significant step in extending DXL's “fit” expertise and diverse style selection to a new segment of the underserved Big + Tall consumer.

DXL Big + Tall Announces Strategic Collaboration with Nordstrom to Bring Fit Expertise to More Big + Tall Customers

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DXLG is an apparel retailer serving the big and tall men's market. The company is turning around after dismal operations in the 2010s. New management is implementing promising changes in operations, increasing efficiencies, advertising, digital investments, and remodeling without growing SG&A. DXLG has also stopped doing promotions and increased margins, maintaining them in the current challenging context. Even with 10% lower comparable sales, current margins are profitable.

Destination XL Is Resilient, Has A Growth Plan, And Is Cheap At These Prices (Rating Upgrade)

Destination XL Group, Inc. (DXLG) Q4 2023 Earnings Call Transcript

Full-Year Sales of $521.8 million, Net Income of $27.9 million, $0.43 EPS, Adjusted EBITDA of $55.9 million Full-Year Sales of $521.8 million, Net Income of $27.9 million, $0.43 EPS, Adjusted EBITDA of $55.9 million

Destination XL Group, Inc. Reports Fiscal 2023 Fourth Quarter and  Full-Year Financial Results

CANTON, Mass., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its fourth quarter and fiscal 2023 financial results before the market opens on Thursday, March 21, 2024.

Destination XL Group, Inc. to Announce Fourth Quarter and Fiscal 2023 Financial Results on March 21, 2024

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