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Stock impact report

Destination XL Group, Inc. Reports Third 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., Nov. 22, 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 third quarter of fiscal 2024, and updated sales and earnings guidance for the fiscal year.  Third Quarter Financial Highlights Total sales for the third quarter were $107.5 million, down 9.8% from $119.2 million in the third quarter of fiscal 2023. Comparable sales for the third quarter of fiscal 2024 decreased 11.3% as compared to the third quarter of fiscal 2023.Net loss for the third quarter was $(0.03) per diluted share, as compared to net income of $0.06 per diluted share in the third quarter of fiscal 2023.Adjusted EBITDA (a non-GAAP measure) for the third quarter was $1.0 million, or 1.0% of sales, as compared to $8.6 million, or 7.3% of sales in the third quarter of fiscal 2023.Total cash and investments were $43.0 million at November 2, 2024, as compa Show less Read more
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