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Stock impact report

Destination XL Group, Inc. Reports Second Quarter Financial Results

Destination XL Group, Inc. (DXLG) 
Last destination xl group, inc. earnings: 8/24 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.destinationxl.com
Company Research Source: GlobeNewswire
CANTON, Mass., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated-commerce specialty retailer of Big + Tall men’s clothing and shoes, today reported operating results for the second quarter of fiscal 2024, and updated sales and earnings guidance for the fiscal year. Second Quarter Financial Highlights Total sales for the second quarter were $124.8 million, down 10.9% from $140.0 million in the second quarter of fiscal 2023. Comparable sales for the second quarter of fiscal 2024 also decreased 10.9% as compared to the second quarter of fiscal 2023.Net income for the second quarter was $0.04 per diluted share, as compared to net income of $0.18 per diluted share in the second quarter of fiscal 2023.Adjusted EBITDA (a non-GAAP measure) for the second quarter was $6.5 million, or 5.2% of sales, as compared to $22.9 million, or 16.4% of sales in the second quarter of fiscal 2023.Total cash and investments were $63.2 million at A Show less Read more
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