Every 10-Q that Destination Xl (DXLG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DXLG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DXLG filings page.
Destination XL Group, Inc. (DXLG) reported softer top-line results but improved profitability in its fiscal 2026 second quarter. Sales were $111.6 million, down from $115.5 million a year ago as comparable sales fell 3.5%, with store comps down 4.3% and direct down 1.6%, driven mainly by weaker traffic.
Despite lower sales, gross margin expanded to 47.9% from 45.2%, helped by a $4.6 million tariff refund and better merchandise margin, partially offset by higher shipping and markdowns. Net income was $2.0 million (GAAP $0.04 per diluted share) versus a small loss last year; adjusted EBITDA rose to $7.7 million with a 6.9% margin. For the first six months, sales declined 2.8% to $214.9 million and the net loss widened to $3.9 million, reflecting lower sales and $3.0 million of merger-related costs.
The company ended the quarter with $20.1 million in cash and investments, no debt, and $61.7 million of credit facility availability. Inventory was $75.5 million, down 4.3% year over year, with clearance at 9.8% of inventory. DXLG’s board now recommends stockholders vote against issuing shares for the proposed merger with FullBeauty, citing factors including FullBeauty’s performance and expected dilution, although the merger agreement remains in effect and could still proceed or be terminated under its terms.
Destination XL Group reported a weak first quarter of fiscal 2026, with sales of $103.3 million versus $105.5 million a year ago and a net loss of $5.9 million, or $(0.11) per share. Comparable sales fell 3.8%, driven mainly by lower traffic, particularly in stores, partly offset by better conversion and higher average order values. Gross margin slipped to 44.3% from 45.1% as tariffs, higher shipping costs and clearance activity pressured merchandise margin, though a $1.4 million lease termination gain helped occupancy costs.
Adjusted EBITDA was slightly negative at $(0.7) million, and adjusted net loss was $(3.4) million or $(0.06) per share. Cash and cash equivalents were $11.1 million with no debt and $70.0 million of unused revolver availability. The company filed a tariff refund claim of about $4.0 million and expects tariffs to weigh about 100 basis points on gross margin if current rates persist. Management is also reevaluating its planned merger with FullBeauty Brands, stating the existing terms are no longer viewed as in shareholders’ best interests given a tougher consumer environment and FullBeauty’s indebtedness.
Destination XL Group, Inc. reports operational and accounting disclosures for the first six months of fiscal 2025. The company operates a single reportable segment selling through 257 Destination XL stores, 16 DXL outlets, 4 Casual Male XL retail stores, 17 Casual Male XL outlets and a digital business. Share counts: 125,000,000 shares authorized (none issued) for one class and 79,725,568 shares issued for the other at August 2, 2025. The company amended its corporate headquarters and distribution center lease, extending the term to January 31, 2033 with additional five-year extension options. New FASB guidance (ASU 2024-03 as clarified by ASU 2025-01) will apply to fiscal 2027 (annual) and fiscal 2028 (interims); the company is evaluating impacts. Credit facility terms include Daily Simple SOFR pricing with spreads and a required minimum consolidated fixed charge coverage ratio of 1.0:1.0 under specified availability conditions.