Destination XL: Problems Worse Than I Thought, Discount To Earnings Not Enough [Seeking Alpha]
Destination XL Group, Inc. (DXLG)
Last destination xl group, inc. earnings: 8/24 07:00 am
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US:NASDAQ Investor Relations:
investor.destinationxl.com
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Source: Seeking Alpha
Follow Summary Destination XL Group's Q2 2024 results were poor, with comparables worsening and traffic issues, leading to a downgrade to a Hold due to execution problems. The company lowered its FY24 sales guidance again, now expecting $470-$490 million, reflecting a 10% decline in comparables. Management cited low store traffic and underpricing by carried brands, indicating model issues and slow adaptation to market conditions. Despite ample cash reserves, DXLG's consistent guidance reduction and internal issues justify the discount to earnings and lack of confidence in medium-term growth. kali9/E+ via Getty Images Destination XL Group, Inc. NASDAQ: DXLG Q2 2024 results were very bad, with comparables deteriorating from Q1 2024 and Q4 2023. The company has complained about low traffic and their carried brands underpricing them, signaling some challenges with the business model. Although DXLG continues to be optically cheap, the stock has ample cash reserves. I belie
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DXLG
News
- Destination XL picks Bluecore to boost personalisation and drive growth [Yahoo! Finance]Yahoo! Finance
- Destination XL Group Expands With Bluecore to Consolidate Technology, Scale Personalization and Increase Customer Movement [Yahoo! Finance]Yahoo! Finance
- Destination XL Group Expands With Bluecore to Consolidate Technology, Scale Personalization and Increase Customer MovementBusiness Wire
- DXL, Now Open In Bellevue: Clothes That Actually Fit Big + Tall Men Shouldn't Be A Crazy Idea, Right?PR Newswire
- Destination XL Group, Inc. Reports Holiday Sales ResultsGlobeNewswire
DXLG
Sec Filings
- 2/14/25 - Form SCHEDULE
- 2/14/25 - Form SCHEDULE
- 2/14/25 - Form SCHEDULE
- DXLG's page on the SEC website