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. (NASDAQ: DXLG) is a specialty retailer focused on Men’s Big + Tall apparel and footwear, operating DXL Big + Tall and Casual Male XL retail and outlet stores in the United States along with an e-commerce website and mobile app. The DXLG news feed on Stock Titan aggregates company announcements, financial updates, and other disclosures that shape the outlook for this Big + Tall-focused retailer.
Investors and followers of Destination XL Group can use this page to review press releases on quarterly and annual financial results, commentary on sales trends across the Store and Direct segments, and updates on strategic initiatives. These include the company’s emphasis on private brand assortment, its integrated-commerce strategy, and the rollout of its proprietary FiTMAP® Sizing Technology in stores and through the DXL mobile app.
News items also cover corporate developments such as store openings, changes in marketing or promotional strategies, and material agreements. A significant recent theme in DXL’s communications is its definitive agreement to combine with FBB Holdings I, Inc. (FullBeauty) in a merger of equals, which the company describes as creating a scaled retailer focused on inclusive apparel for plus-size women and Big + Tall men, subject to shareholder approval and other closing conditions.
This DXLG news page allows readers to follow how Destination XL Group responds to consumer behavior in the Big + Tall segment, manages its multi-channel operations, and advances its planned combination with FullBeauty. For ongoing context on the company’s performance and strategic direction, users can return regularly to review the latest DXLG headlines and official releases.
Destination XL Group (DXLG) reported strong third-quarter results for fiscal 2022, with total sales of $129.7 million, reflecting a 6.7% increase from the previous year. Comparable sales rose 8.7%, led by a 10.1% increase in store sales. Net income was $10.5 million ($0.16 per diluted share), down from $13.7 million ($0.20 per diluted share). The company raised its sales guidance for fiscal 2022 to a range of $535 million to $545 million, anticipating adjusted EBITDA margins of 12.5% to 13.5%.
Destination XL Group, Inc. (NASDAQ: DXLG) will announce its third quarter of fiscal 2022 financial results on November 17, 2022, before market open. The company's President and CEO, Harvey Kanter, along with CFO Peter Stratton, will conduct a conference call at 9:00 a.m. ET to discuss the results. Participants can pre-register for the call or access a live webcast. The company specializes in Big + Tall men's apparel and operates both retail stores and an extensive e-commerce platform.
Destination XL Group, Inc. (NASDAQ: DXLG) has appointed Jonathan Sainsbury as Chief Digital and Analytics Officer. With over 20 years in performance marketing and analytics, Sainsbury previously served at Blue Nile as Chief Strategy Officer. His role at DXL will focus on enhancing digital initiatives, traffic generation, and data-driven marketing strategies. Effective October 26, 2022, Sainsbury will receive 15,174 restricted stock units, vesting over three years. CEO Harvey Kanter emphasized the importance of this strategic hire to transform DXL into a digitally-driven organization.
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%.