Destination Xl Stock Price, News & Analysis

Destination XL Group (NASDAQ: DXLG), the leading retailer of Big + Tall men's clothing, has expanded its partnership with Bluecore, a retail shopper identification and customer movement technology platform. The partnership aims to consolidate multiple marketing technologies into a single platform for better customer identification, audience building, and campaign management.

Through this collaboration, DXL will enhance personalization at scale by managing and predicting customer behaviors across its nearly 300 retail stores and digital channels. The platform enables DXL to identify anonymous shoppers, respond to customer signals through automated messaging, and create specific activations at the product SKU level. According to Jim Reath, DXL's Chief Marketing Officer, this integration provides a holistic view of customers' preferences and shopping behaviors, creating a seamless personalized shopping experience across all channels.

Destination XL Group (DXLG) announces the opening of its new store in Bellevue, WA, marking its seventh store launch this fiscal year. Located at 322 116th Ave. NE., the store features an extensive collection of Big + Tall men's clothing and shoes from premium brands including Polo Ralph Lauren, Reebok, Columbia, Levi's, and Psycho Bunny.

The location introduces DXL's innovative FiTMAP Sizing Technology, a digital scanning system that captures 242 unique measurements to provide custom clothing options and precise size recommendations across brands. The store, opening on January 25, 2025, aims to enhance shopping convenience for Big + Tall customers in the greater Seattle area.

Destination XL Group (NASDAQ: DXLG) reported holiday sales results and updated fiscal 2024 guidance. Total sales for the 9-week holiday period ended January 4, 2025, were $94.7 million, down from $102.4 million in the previous year. Comparable sales decreased 7.4%, with store sales down 6.2% and direct business down 10.0%.

The company revised its fiscal 2024 guidance, now expecting total sales of $467.0 to $470.0 million, slightly below previous guidance of $470.0 million. Adjusted EBITDA margin guidance was lowered to 4.2% to 4.5% from 4.5%. November sales declined 11.8%, but strategic promotions during Black Friday and Cyber Monday helped improve December's comparable sales decline to 4.4%.

Destination XL Group (NASDAQ: DXLG), the leading integrated commerce specialty retailer of Big + Tall men's clothing and shoes, has received a non-binding acquisition proposal from Fund 1 Investments, The proposal aims to acquire all outstanding shares of the company.

The Board of Directors will review and evaluate this proposal along with other strategic alternatives. The company has engaged Guggenheim Securities, as financial advisor and Greenberg Traurig, LLP as legal advisor to assist in the evaluation process.

Destination XL Group (DXLG) reported challenging Q3 2024 financial results with total sales of $107.5 million, down 9.8% from Q3 2023. The company posted a net loss of $(0.03) per diluted share, compared to net income of $0.06 per share in Q3 2023. Comparable sales decreased 11.3%, with store sales down 9.9% and direct business down 14.7%. Adjusted EBITDA was $1.0 million (1.0% of sales), compared to $8.6 million (7.3% of sales) in Q3 2023. The company maintained $43.0 million in cash with no debt, and repurchased 3.6 million shares for $10.2 million. Due to continued headwinds, DXLG lowered its guidance, expecting fiscal 2024 sales at approximately $470.0 million with adjusted EBITDA guidance reduced to 4.5% from 6.0%.

Destination XL Group (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, has scheduled its third quarter fiscal 2024 financial results announcement for Friday, November 22, 2024, before market opens. CEO Harvey Kanter and CFO Peter Stratton will host a conference call at 9:00 a.m. ET to discuss the results. Interested participants can join via pre-registration for the conference call or through a webcast, with replay options available on the company's investor relations website.

Destination XL Group, Inc. (NASDAQ: DXLG) reported its Q2 fiscal 2024 results and revised full-year guidance. Key highlights include:

- Total sales of $124.8 million, down 10.9% from Q2 2023
- Net income of $0.04 per diluted share, compared to $0.18 in Q2 2023
- Adjusted EBITDA of $6.5 million (5.2% of sales) vs $22.9 million (16.4%) in Q2 2023
- Cash and investments of $63.2 million with no outstanding debt
- Comparable sales decreased 10.9%, with store sales down 10% and direct business down 12.8%

The company cited challenging retail conditions, reduced foot traffic, and lower conversion rates. Despite this, merchandise margins remained flat. DXL is revising its full-year guidance to sales of $470-$490 million (down from $500 million) and an adjusted EBITDA margin of approximately 6% (down from 7%).

Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, has announced it will release its second quarter fiscal 2024 financial results on August 29, 2024, before the market opens. The company will host a conference call and webcast at 9:00 a.m. ET on the same day to discuss the results.

President and CEO Harvey Kanter and Executive VP, CFO, and Treasurer Peter Stratton will lead the conference call. Interested participants can join via conference call by pre-registering or through a webcast. A replay of the event will be available on the company's website in the 'Events' section.

Destination XL Group (DXLG) reported Q1 fiscal 2024 results, highlighting a 7.9% decline in total sales to $115.5 million compared to Q1 fiscal 2023. Comparable sales fell 11.3%, while net income per diluted share dropped to $0.06 from $0.11 the previous year. Adjusted EBITDA was $8.2 million, down from $12.6 million. Despite these challenges, cash and investments rose to $53.2 million, with no outstanding debt. The company completed a $25 million stock repurchase program and continues to invest in growth initiatives, including a new brand advertising campaign, store expansions, a new e-commerce platform, and alliances such as a partnership with Nordstrom. For fiscal 2024, DXLG is guiding to the lower end of previous sales guidance and expects a 7% adjusted EBITDA margin.