dxl news and archive

Destination XL: Q2 sale decline by 10.9 percent, cuts outlook

Total sales for the second quarter at Destination XL were 124.8 million dollars, down 10.9 percent. Comparable sales for the quarter also decreased by 10.9 percent. Based on the current sales trends, DXL is guiding to sales of 470 million dollars to 490 million dollars and an adjusted EBITDA margin of approximately 6 percent, a decrease from our...

Business

Destination XL's Q4 comparable sales increase by 10.8 percent

For the fourth quarter of fiscal 2022, total sales were 143.9 million dollars compared to 133.5 million dollars for the fourth quarter of fiscal 2021. Comparable sales for the quarter increased 10.8 percent, driven by a 13.2 percent comparable sales increase from stores and a 6.2 percent increase in the direct business. For fiscal 2022, total...

Business

Destination XL expects business recovery in 2021

Destination XL Group Inc., (DXL) said year-to-date through November, DXL.com sales were up 41 percent over fiscal 2019 levels, and the company expects the growth trend in this channel to continue in fiscal 2021. The company also expects stores to continue their trend of being down compared to fiscal 2019 levels. “As we prepare to turn the page...

Fashion

Destination XL posts rise in Q4 revenues and profit

Destination XL Group, Inc. has reported total sales for the fourth quarter of 131.2 million dollars, an increase of 0.1 million dollars from prior year; while total sales for fiscal 2019 were 474 million dollars compared to 473.8 million dollars for fiscal 2018. Total comparable sales increased 1.1 percent for the fourth quarter and 0.1 percent...

Business

Destination XL posts marginal rise in Q2 sales

Total sales for the second quarter increased 0.9 percent to 123.2 million dollars at Destination XL. The company said, the increase of 1 million dollars in total sales was primarily due to an increase in wholesale revenue of 2.7 million dollars and other revenue of 0.1 million dollars and was partially offset by a decrease of 1.8 million dollars...