Destination Xl Stock Price, News & Analysis

Destination XL Group, Inc. (NASDAQ: DXLG) has appointed James Reath as Chief Marketing Officer, effective September 26, 2022. Mr. Reath brings over 20 years of experience in marketing leadership, previously serving at Bed Bath & Beyond and Macy’s. He will oversee the marketing strategy, brand, consumer engagement, and digital commerce at DXL. Mr. Reath replaces Ujjwal Dhoot, who leaves the company on October 11, 2022. As part of his employment, Reath will receive a $200,000 sign-on award in the form of restricted stock units (RSUs), which will vest over three years.

Destination XL Group, Inc. (NASDAQ: DXLG) reported a strong second quarter for fiscal 2022 with total sales reaching $144.6 million, a 4.4% increase over the previous year. Comparable sales rose 6.1%, driven by higher average order values and improved digital engagement. Net income was $56.9 million or $0.85 per diluted share, bolstered by a tax benefit of $35.5 million. The company raised its FY'22 sales guidance to a range of $520 million to $540 million. Adjusted EBITDA totaled $25.9 million, down from last year’s $29.8 million.

Destination XL Group, Inc. (NASDAQ: DXLG) announced it will release its Q2 fiscal 2022 financial results on August 25, 2022, before market opening. A conference call hosted by CEO Harvey Kanter and CFO Peter Stratton will take place at 9:00 a.m. ET the same day to discuss these results. Stakeholders can participate via a pre-registration conference call or a live webcast. Destination XL is recognized as a leading omni-channel retailer specializing in Big + Tall men's clothing.

Destination XL Group (NASDAQ: DXLG) reported strong Q1 2022 results, with net income of $13.4 million and EPS of $0.20, marking a significant increase from $8.7 million and $0.14 in Q1 2021. Comparable sales surged 19.5% year-over-year, driving total sales to $127.7 million, up from $111.5 million. The company reaffirmed its annual sales guidance, expecting between $510 million and $530 million. Cash flow from operations was negative at $(1.5 million), attributed to inventory build and capital expenditures. Despite challenges like inflation and supply chain issues, management remains optimistic about future growth.

Destination XL Group, Inc. (NASDAQ: DXLG) will release its Q1 fiscal 2022 financial results on May 26, 2022, before market opening. CEO Harvey Kanter and CFO Peter Stratton will host a conference call at 9:00 a.m. ET to discuss the results. Investors can access the live webcast through the company's Investor Relations section or by calling (866) 680-2311.

The company specializes in Big + Tall men's clothing and operates stores and e-commerce platforms across the U.S.

Destination XL Group, Inc. (NASDAQ: DXLG) announced an extension of Harvey S. Kanter's contract as President and CEO for another three years. Kanter has been pivotal in shaping the company since April 2019, especially in navigating challenges during the pandemic. Chairman Lionel Conacher praised Kanter's leadership, emphasizing his focus on creating shareholder value and enhancing digital capabilities. Kanter aims to leverage the company's growth in digital transformation to increase market share in the big & tall men's apparel sector.

Destination XL Group, Inc. (DXLG) reported record fiscal 2021 results with total sales of $505 million, a significant increase from $318.9 million in 2020. The company achieved a net income of $56.7 million and an earnings per share (EPS) of $0.83. For Q4 alone, sales reached $133.5 million, marking a 33.3% year-over-year increase. The company generated $76.9 million in adjusted EBITDA. A $15 million stock repurchase program was also announced. For fiscal 2022, DXLG expects sales between $510 million and $530 million with an EBITDA margin exceeding 10%.

Destination XL Group, Inc. (NASDAQ: DXLG) will release its fourth quarter and fiscal 2021 financial results on March 17, 2022, before the market opens. A conference call will follow at 9:00 a.m. ET, hosted by President and CEO Harvey Kanter and CFO Peter Stratton. Investors can access the live webcast in the 'Investor Relations' section of the company's website or by dialing (866) 680-2311 with conference ID 8988169. The archived version will also be available online.

Destination XL Group, Inc. (Nasdaq:DXLG) announced results for the 9-week holiday sales period ended January 1, 2022, with total sales of $106.6 million, a significant increase from $78.4 million a year earlier. Comparable sales grew 11.4%, driven by a 32.0% rise in direct business sales. The company updated its fiscal 2021 guidance, expecting total sales between $500.0 million and $505.0 million, net income per diluted share of $0.80 to $0.85, and Adjusted EBITDA of $74.0 to $78.0 million. Despite sales softening due to COVID-19 concerns, the company remains optimistic about its structural changes.