Destination XL (DXLG) Company Overview

BELLEVUE, Wash. , Jan. 25, 2025 /PRNewswire/ -- Destination XL Group, Inc. (Nasdaq: DXLG), the leading integrated-commerce retailer specializing in Big + Tall men's clothing and shoes, announces the grand opening of its latest store in Bellevue, WA.

CANTON, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc, (NASDAQ: DXLG), the leading integrated - commerce specialty retailer of Big + Tall men's clothing and shoes, today confirmed that it has received a non-binding proposal from Fund 1 Investments, LLC to acquire all of the outstanding shares of the Company.

Destination XL Group, Inc. reported a 10-11% drop in comparable sales for Q3 2024, leading to a significant margin decline and a second guidance cut this year. Despite efforts to maintain margins, the company has resorted to aggressive discounting to compete, impacting future margins and profitability. DXLG's valuation is distressed, reflecting its current unprofitability; however, a 10% sales improvement could make the stock attractive given its low EV.

Destination XL Group, Inc. (NASDAQ:DXLG ) Q3 2024 Earnings Conference Call November 22, 2024 9:00 AM ET Company Participants Shelly Mokas - Vice President of Financial Reporting and SEC Compliance Harvey Kanter - President, Chief Executive Officer and Director Peter Stratton - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Michael Baker - D.A. Davidson Operator Good day, everyone, and welcome to the Destination XL Group Third Quarter Fiscal 2024 Financial Results Conference Call.

Sales of $107.5 million, Net Loss of $(0.03) per diluted share, Lowers Guidance Sales of $107.5 million, Net Loss of $(0.03) per diluted share, Lowers Guidance

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.

Press Release Atos selected by the European Space Agency (ESA) to expand the capabilities of the Destination Earth (DestinE) services platform Funded by the European Commission, the DestinE initiative powers a platform harnessing extensive climate data using a digital model of Earth Paris, France – September 25, 2024 – Atos today announces that it has been selected by the European Space Agency (ESA) to lead a consortium tasked with an initial 12-month mission to expand the capabilities of the Destination Earth (DestinE) services platform. To accomplish this task, the Group will design and implement advanced applications and services (AAS).

Destination XL Group, Inc.'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.

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