dxl news and archive

Destination XL Q4 sales decline amid retail challenges

Men’s Big + Tall clothing retailer Destination XL Group’s (DXL) sales for the fourth quarter were 119.2 million dollars, down 13.1 percent and comparable sales decreased 8.7 percent. The company’s net income reduced to 2 cents per diluted share versus 10 cents in the previous year. Adjusted EBITDA also declined to 4.2 million dollars. In the...

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Destination XL gets takeover bid from Fund 1 Investments

Destination XL Group confirms receipt of a non-binding proposal from Fund 1 Investments to acquire all of the outstanding shares of the company. The company said in a release that its board of directors regularly reviews opportunities to create and enhance shareholder value and will carefully review and evaluate this proposal and other strategic...

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Destination XL: Q2 sale decline by 10.9 percent, cuts outlook

Total sales for the second quarter at Destination XL were 124.8 million dollars, down 10.9 percent. Comparable sales for the quarter also decreased by 10.9 percent. Based on the current sales trends, DXL is guiding to sales of 470 million dollars to 490 million dollars and an adjusted EBITDA margin of approximately 6 percent, a decrease from our...

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Destination XL's Q4 comparable sales increase by 10.8 percent

For the fourth quarter of fiscal 2022, total sales were 143.9 million dollars compared to 133.5 million dollars for the fourth quarter of fiscal 2021. Comparable sales for the quarter increased 10.8 percent, driven by a 13.2 percent comparable sales increase from stores and a 6.2 percent increase in the direct business. For fiscal 2022, total...

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Destination XL posts marginal rise in Q2 sales

Total sales for the second quarter increased 0.9 percent to 123.2 million dollars at Destination XL. The company said, the increase of 1 million dollars in total sales was primarily due to an increase in wholesale revenue of 2.7 million dollars and other revenue of 0.1 million dollars and was partially offset by a decrease of 1.8 million dollars...