Welcome to our dedicated page for Destination Xl news (Ticker: DXLG), a resource for investors and traders seeking the latest updates and insights on Destination Xl stock.
Destination XL Group, Inc. (DXLG) serves as the leading specialty retailer for Big + Tall men's apparel, combining physical stores with digital commerce solutions. This news hub provides investors and industry observers with direct access to the company's official communications and market developments.
Track all essential updates through curated press releases covering financial results, store expansions, technology implementations, and product innovations. Our repository ensures timely access to earnings announcements, leadership changes, and strategic partnership details critical for informed analysis.
Key focus areas include quarterly performance updates, omnichannel retail advancements, and exclusive brand collaborations. Users benefit from organized historical context paired with real-time developments, enabling comprehensive tracking of DXLG's market position in the specialty apparel sector.
Bookmark this page for streamlined monitoring of DXLG's operational milestones and financial health indicators. Return regularly to maintain current awareness of this unique retailer's evolving strategies in serving the Big + Tall demographic.
Destination XL Group, Inc. (DXLG) reported record annual sales for fiscal 2022, with total sales reaching $545.8 million, a 10.9% increase in comparable sales. Net income surged to $89.1 million or $1.33 EPS, boosted by a $31.6 million non-recurring tax benefit. Although fourth-quarter sales rose 7.8% to $143.9 million, net income dipped to $8.3 million due to rising SG&A expenses, which accounted for 37.8% of sales. The company anticipates fiscal 2023 sales of $550-$570 million with an adjusted EBITDA margin of 12.5%-13.5%. A new $15 million stock repurchase program was authorized on March 14, 2023.
Destination XL Group (NASDAQ: DXLG) has launched its new Wear What You Want℠ campaign aimed at Big + Tall men, addressing the lack of retail options in this market. This initiative reaffirms DXL's commitment to providing an extensive variety of styles and sizes to meet the needs of this underserved demographic. DXL emphasizes its unique offerings, including unparalleled fit expertise and high-quality products, collectively known as The DXL Factor. The campaign will be promoted across multiple channels, including social media and in-store experiences, encouraging Big + Tall men to express their personal style.
FAQ
What is the current stock price of Destination Xl (DXLG)?
What is the market cap of Destination Xl (DXLG)?
