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. (NASDAQ: DXLG) appointed Carmen R. Bauza to its Board of Directors on December 17, 2021. With over 30 years of retail experience, Bauza's background includes leadership roles at Walmart, HSN, and Fanatics. Her expertise is expected to drive growth opportunities for the company, which focuses on big and tall men’s clothing through its DXL retail and e-commerce platforms. Bauza will serve until the next annual stockholder meeting, aiming to enhance the shopping experience for customers across multiple channels.
Destination XL Group, Inc. (DXLG) reported a successful third quarter for fiscal 2021, achieving total sales of $121.5 million, up 42.6% from the prior year. Notably, net income reached $13.7 million, or $0.20 per diluted share, a significant turnaround from a loss of $(7.0) million in Q3 2020. The company raised its fiscal 2021 guidance, anticipating sales of $500-$510 million and EPS of $0.72-$0.80. Strong direct sales growth of 66.8% contributed to a 22.9% comparable sales increase over Q3 2019, despite ongoing supply chain challenges.
Destination XL Group, Inc. (NASDAQ: DXLG) will release its third quarter 2021 financial results on November 19, 2021, before market open. CEO Harvey Kanter and CFO Peter Stratton will host a conference call at 9:00 a.m. ET to discuss the results. Interested parties can listen live via the company's website or by calling (866) 680-2311 with conference ID: 3394658. The company specializes in Big + Tall men's clothing and operates DXL retail stores, Casual Male XL stores, and an e-commerce platform.
Destination XL Group (NASDAQ: DXLG) announced a public offering of 5,733,076 shares of common stock at $6.10 per share, led by Red Mountain Partners, L.P. The company will not receive any proceeds from this offering but will incur certain costs. The offering is set to close on September 14, 2021, pending customary conditions. D.A. Davidson & Co. and Craig-Hallum Capital Group LLC are the joint managers. The offering is backed by a shelf registration statement effective since June 21, 2021, filed with the SEC.
Destination XL Group, Inc. (NASDAQ: DXLG) announced a public offering of its common stock initiated by Red Mountain Partners, L.P. Notably, the company will not receive any proceeds from this offering; instead, the selling stockholder will receive all net proceeds. The company is responsible for certain costs associated with the sale, excluding underwriting discounts. The offering's completion is uncertain due to market conditions. D.A. Davidson & Co. and Craig-Hallum Capital Group LLC serve as joint book-running managers. Investors are encouraged to review the registration statement and prospectus for complete details.
Destination XL Group (DXLG) announced its relisting on the Nasdaq Global Market effective September 8, 2021, after previously trading on OTCQX. The company has successfully repaid its entire FILO loan facility totaling $18.6 million, which included $17.5 million in principal. This repayment was made possible by cash on hand and resulted in the elimination of long-term debt. DXLG's return to Nasdaq follows improved operating results and a positive stock price increase during the first half of fiscal 2021.
Destination XL Group, Inc. (DXLG) reported strong second quarter results for fiscal 2021, with total sales reaching $138.6 million, an 81.3% increase from the previous year. Net income was $24.5 million, or $0.36 per diluted share, compared to a net loss of $(10.7) million last year. The company raised its fiscal 2021 guidance to anticipated sales between $490-$505 million and EPS of $0.64-$0.76. Improved gross margin at 51.7% and adjusted EBITDA of $29.8 million highlight operational strength, despite caution over supply chain issues and COVID-19 variants.
Destination XL Group, Inc. (OTCQX: DXLG) will release its second quarter 2021 financial results on August 31, 2021, 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. Investors can listen to the live webcast via the company's website or by calling (866) 680-2311 and using conference ID: 8531188. Destination XL is the premier omni-channel retailer of Big + Tall men's clothing and operates multiple stores across the U.S. and Canada.
Destination XL Group, Inc. (DXLG) reported first-quarter fiscal 2021 results, showing total sales of $111.5 million, up 94.8% from fiscal 2020 and 3.7% from fiscal 2019. Net income reached $8.7 million or $0.14 per diluted share, reversing losses from prior years. Adjusted EBITDA was $13.7 million, compared to $(18.9) million in 2020. The company raised its fiscal 2021 sales guidance to $415-435 million amid improving business performance, despite potential COVID-19 impacts. Cash flow from operations was $7.8 million, signifying significant improvement.
Destination XL Group, Inc. (DXLG) will release its first quarter 2021 financial results on May 27, 2021, before market opening. Following this, a conference call hosted by CEO Harvey Kanter and CFO Peter Stratton is scheduled for 9:00 a.m. ET to discuss the results. Investors can access the live webcast on the company’s website or by calling (866) 680-2311 with conference ID 8648163. Destination XL Group is a specialty retailer focused on Big + Tall men's clothing, with a significant omni-channel presence.
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