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, 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.
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.