Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and shoes in the United States and Canada. Its stores offer sportswear and dress wear; accessories; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing. It also provides tailored-related separates, blazers, dress slacks, dress shirts, and neckwear; and vintage-screen T-shirts and wovens under various private labels. In addition, it is involved in the development and wholesale distribution of products to retailers. The company offers its products under the Destination XL, DXL, DXL Men's Apparel, DXL outlets, Casual Male XL, Casual Male XL outlets trade names. As of January 30, 2021, it operated 226 DXL retail stores, 17 DXL outlet stores, 46 Casual Male XL retail stores, and 22 Casual Male XL outlet stores, as well as an e-commerce site at dxl.com. The company was formerly known as Casual Male Retail Group, Inc. and changed its name to Destination XL Group, Inc. in February 2013. Destination XL Group, Inc. was incorporated in 1976 and is headquartered in Canton, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: dxl.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/20/2023 | $4.50 | Buy → Hold | Craig Hallum |
| 9/14/2021 | $11.00 | Buy | DA Davidson |
| 7/21/2021 | $7.50 | Buy | Craig Hallum |
CANTON, Mass., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its third quarter of fiscal 2024 financial results before the market opens on Friday, November 22, 2024. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results. Participants can join by conference call or webcast: Conference Call To participate in the conference call, please pre-register at:https://register.vevent.com/
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 inco
CANTON, Mass., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its second quarter of fiscal 2024 financial results before the market opens on Thursday, August 29, 2024. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results. Participants can join by conference call or webcast: Conference Call To participate in the conference call, please pre-register at:https://register.vevent.com
Sales of $115.5 million, Net Income of $0.06 per diluted share, Confirms Lower End of Full-Year Guidance Continues to Invest in Strategic Growth Initiatives CANTON, Mass., May 30, 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 first quarter of fiscal 2024, and updated sales and earnings guidance for the fiscal year. First Quarter Financial Highlights Total sales for the first quarter were $115.5 million, down 7.9% from $125.4 million in the first quarter of fiscal 2023. Comparable sales
CANTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its first quarter of fiscal 2024 financial results before the market opens on Thursday, May 30, 2024. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results. Participants can join by conference call or webcast: Conference Call To participate in the conference call, please pre-register at: https://register.vevent.com/register/
CANTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the largest integrated commerce specialty retailer of Big + Tall men's clothing and shoes, today reported financial results for the fourth quarter and fiscal year 2023. Fourth Quarter Highlights Total sales for the 14-week fourth quarter were $137.1 million, down 4.7% from $143.9 million for the 13-week fourth quarter of fiscal 2022. Comparable sales for the fourth quarter decreased 10.1% as compared to the fourth quarter of fiscal 2022.Net income for the fourth quarter was $5.2 million, or $0.08 per diluted share, as compared to net income of $8.3 million, or $0.13 per diluted share, for the four
CANTON, Mass., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its fourth quarter and fiscal 2023 financial results before the market opens on Thursday, March 21, 2024. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results. Participants can join by conference call or webcast: Conference Call To participate in the conference call, please pre-register at: https://register.vevent.co
CANTON, Mass., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated-commerce specialty retailer of Big + Tall men's clothing and shoes, today announced the following results for the 9-week holiday sales period ended December 30, 2023 (unaudited): Total sales were $102.4 million compared to $111.7 million for the 9-week holiday sales period ended December 31, 2022.Comparable sales for the same 9-week holiday period decreased 8.7%, with comparable sales decreases of 7.6% from stores and 10.9% from the direct business. Based on the holiday sales results and expectations for the remainder of the fourth quarter, the Company is narrowing its guidan
CANTON, Mass., Nov. 17, 2023 (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 2023, and updated sales and earnings guidance for the fiscal year. Third Quarter Financial Highlights Total sales for the third quarter were $119.2 million, down 8.1% from $129.7 million in the third quarter of fiscal 2022. Comparable sales for the third quarter of fiscal 2023 decreased 6.7% as compared to the third quarter of fiscal 2022.Net income for the third quarter was $0.06 per diluted share, as compared to net income of $0.16 per dilut
CANTON, Mass., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its third quarter of fiscal 2023 financial results before the market opens on Friday, November 17, 2023. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results. Participants can join by conference call or webcast: Conference Call To participate in the conference call, please pre-register at: https://register.vevent.com
Craig Hallum downgraded Destination XL Group from Buy to Hold and set a new price target of $4.50
DA Davidson initiated coverage of Destination XL Group with a rating of Buy and set a new price target of $11.00
Craig Hallum initiated coverage of Destination XL Group with a rating of Buy and set a new price target of $7.50
CANTON, Mass., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its third quarter of fiscal 2024 financial results before the market opens on Friday, November 22, 2024. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results. Participants can join by conference call or webcast: Conference Call To participate in the conference call, please pre-register at:https://register.vevent.com/
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 inco
CANTON, Mass., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its second quarter of fiscal 2024 financial results before the market opens on Thursday, August 29, 2024. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results. Participants can join by conference call or webcast: Conference Call To participate in the conference call, please pre-register at:https://register.vevent.com
Sales of $115.5 million, Net Income of $0.06 per diluted share, Confirms Lower End of Full-Year Guidance Continues to Invest in Strategic Growth Initiatives CANTON, Mass., May 30, 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 first quarter of fiscal 2024, and updated sales and earnings guidance for the fiscal year. First Quarter Financial Highlights Total sales for the first quarter were $115.5 million, down 7.9% from $125.4 million in the first quarter of fiscal 2023. Comparable sales
CANTON, Mass., May 13, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the largest integrated commerce specialty retailer of Big + Tall men's clothing and shoes, announced today the launch of a multichannel marketing campaign, developed in collaboration with creative agency Barrett Hofherr and media agency Mediassociates. The campaign, which starts today in a three-market test, further brings to life DXL's "Wear What You WantSM" mission by highlighting DXL's commitment to providing clothes that actually fit Big + Tall shoppers. The campaign communicates a straightforward and pragmatic message that resonates with the needs of Big + Tall customers. "We are excited to lau
CANTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its first quarter of fiscal 2024 financial results before the market opens on Thursday, May 30, 2024. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results. Participants can join by conference call or webcast: Conference Call To participate in the conference call, please pre-register at: https://register.vevent.com/register/
CANTON, Mass., April 29, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the country's leading retailer specializing in Big + Tall men's clothing and shoes, is excited to announce a strategic collaboration with Nordstrom, Inc., a leading fashion retailer, which will launch on their digital platform. This collaboration marks a significant step in extending DXL's "fit" expertise and diverse style selection to a new segment of the underserved Big + Tall consumer. The alliance coincides with the launch of Nordstrom's new marketplace, designed to broaden their brand catalog to new audiences. As a key component of this expansion, DXL will bring its extensive collection of hig
CANTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the largest integrated commerce specialty retailer of Big + Tall men's clothing and shoes, today reported financial results for the fourth quarter and fiscal year 2023. Fourth Quarter Highlights Total sales for the 14-week fourth quarter were $137.1 million, down 4.7% from $143.9 million for the 13-week fourth quarter of fiscal 2022. Comparable sales for the fourth quarter decreased 10.1% as compared to the fourth quarter of fiscal 2022.Net income for the fourth quarter was $5.2 million, or $0.08 per diluted share, as compared to net income of $8.3 million, or $0.13 per diluted share, for the four
CANTON, Mass., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its fourth quarter and fiscal 2023 financial results before the market opens on Thursday, March 21, 2024. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results. Participants can join by conference call or webcast: Conference Call To participate in the conference call, please pre-register at: https://register.vevent.co
CANTON, Mass., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the leading integrated-commerce specialty retailer of Big + Tall men's clothing and shoes, today announced the following results for the 9-week holiday sales period ended December 30, 2023 (unaudited): Total sales were $102.4 million compared to $111.7 million for the 9-week holiday sales period ended December 31, 2022.Comparable sales for the same 9-week holiday period decreased 8.7%, with comparable sales decreases of 7.6% from stores and 10.9% from the direct business. Based on the holiday sales results and expectations for the remainder of the fourth quarter, the Company is narrowing its guidan
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Craig-Hallum analyst Jeremy Hamblin maintains Destination XL Group (NASDAQ:DXLG) with a Hold and lowers the price target from $3.5 to $3.
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Destination XL Group (NASDAQ:DXLG) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.04 by 50 percent. This is a 45.45 percent decrease over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $115.49 million which missed the analyst consensus estimate of $118.00 million by 2.13 percent. This is a 7.93 percent decrease over sales of $125.44 million the same period last year.
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Financial Outlook We plan to invest in our brand, stores and digital business in fiscal 2024, which will include increased marketing investments, as we look to accelerate our growth trajectory. Further, we believe that improvement in consumer discretionary spending will continue to be slow to recover given the current economic landscape caused by the past two years of elevated inflation and uncertainty over the upcoming presidential and congressional elections. We have built our plans around maintaining a minimum acceptable level of profitability, which we are setting at 7.0% adjusted EBITDA margin. As such, our guidance for fiscal 2024 assumes a mid-to-high single digit decrease in compar
Destination XL Group (NASDAQ:DXLG) reported quarterly adjusted earnings of $0.10 per share which beat the analyst consensus estimate of $0.06 by 66.67 percent. This is a 23.08 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $137.14 million which missed the analyst consensus estimate of $138.29 million by 0.83 percent. This is a 4.68 percent decrease over sales of $143.88 million the same period last year.
CANTON, Mass., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ:DXLG), the largest omni-channel specialty retailer of big and tall men's clothing and shoes, announced today that on Friday, December 17th, it appointed Carmen R. Bauza, 59, to the Company's Board of Directors. She will serve as a director until the Company's next annual meeting of stockholders, at which time she will stand for re-election. With her appointment, the size of the Company's Board of Directors is seven members. Ms. Bauza is currently on the board of managers for privately-owned retailer Claire's Stores Inc. "We are excited to welcome Carmen to the board," said President and CEO Harvey S. Kante
NEW YORK, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE:BTTR) (the "Company" or "Better Choice"), a pet health and wellness company, today announced that it has appointed two new members to its Board of Directors, Lionel Conacher and Arlene Dickinson. They will replace current serving directors, Lori Taylor and Jeff Davis, effective September 28, 2021. Lionel Conacher joins Better Choice with over thirty years of financial experience, spanning senior positions in public companies in both Canada and the US, investment banking, private equity and venture capital. Mr. Conacher currently serves as Chairman of DXL Group (NASDAQ:DXLG), where he has successfully guided the re
CANTON, Mass., May 27, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (OTCQX:DXLG), the leading omni-channel specialty retailer of Big + Tall men's clothing and shoes, today reported operating results for the first quarter of fiscal 2021 and provided updated guidance for the fiscal year. First Quarter Financial Highlights Total sales for the first quarter were $111.5 million, up 94.8% from $57.2 million in the first quarter of fiscal 2020 and down 1.3% from $113.0 million in the first quarter of fiscal 2019. Compared to the first quarter of fiscal 2019, comparable sales increased 3.7%.Cash Flow from operations for the first three months was $7.8 million as compared to the first
CANTON, Mass., April 15, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (OTCQX:DXLG), the largest omni-channel specialty retailer of big and tall men's clothing and shoes, announced today that it has appointed Elaine Rubin, 58, to the Company's Board of Directors. She will serve as a director until the Company's next annual meeting of stockholders, at which time she will stand for re-election. With her appointment, the size of the Company's Board of Directors is seven members. Ms. Rubin is currently the founder and president of Digital Prophets Network, LLC, a consumer-centric digital consulting, advisory and placement firm with a network of digital commerce experts that supports the
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