Core Insights - Destination XL Group, Inc. (DXLG) has opened a new store in Boca Raton, FL, marking its fifth new store opening of the fiscal year [1][4] - The new store aims to provide a superior shopping experience for Big + Tall men, featuring exclusive styles and brands [2][4] - DXL has introduced its proprietary FiTMAPSM Sizing Technology in the new store, allowing for personalized size recommendations [3] Company Overview - Destination XL Group, Inc. is the leading retailer specializing in Big + Tall men's apparel, operating both retail and outlet stores across the United States [5] - The company offers a multi-channel shopping experience through its e-commerce website and mobile app, providing extensive product selections for Big + Tall men [5] - DXL is headquartered in Canton, Massachusetts, and is publicly traded on the Nasdaq Global Market under the symbol "DXLG" [5]

Financial Performance - Total sales for the first quarter of fiscal 2025 were $105.5 million, down from $115.5 million in the first quarter of fiscal 2024, reflecting a decrease in comparable sales of 9.4%[96] - The net loss for the first quarter was $(1.9) million, or $(0.04) per diluted share, primarily driven by the sales shortfall[96] - The company recorded a net loss of $1.9 million, or $(0.04) per diluted share, in Q1 fiscal 2025, compared to net income of $3.8 million, or $0.06 per diluted share, in Q1 fiscal 2024[115] - Cash flow from operations was $(12.0) million in Q1 fiscal 2025, a decrease from $(1.1) million in Q1 fiscal 2024, primarily due to decreased earnings and timing of payables[120] - Free cash flow was $(18.8) million in Q1 fiscal 2025, compared to $(7.0) million in Q1 fiscal 2024, reflecting increased capital expenditures[121] Sales and Comparable Sales - Comparable sales showed a gradual improvement over the quarter, with February down 13.9%, March down 8.2%, and April down 7.2%[97] - The direct business segment saw a comparable sales decrease of 16.2%, while store sales decreased by 6.6% in the first quarter of fiscal 2025[102] Margins and Expenses - The gross margin rate for the first quarter of fiscal 2025 was 45.1%, a decrease of 310 basis points from 48.2% in the first quarter of fiscal 2024[103] - Selling, general and administrative (SG&A) expenses as a percentage of sales increased to 45.0% in the first quarter of fiscal 2025, compared to 41.1% in the first quarter of fiscal 2024[107] - Customer Facing Costs represented 25.2% of sales in Q1 fiscal 2025, up from 23.0% in Q1 fiscal 2024; Corporate Support Costs increased to 19.8% from 18.1%[110] Cash and Investments - Cash and investments as of May 3, 2025, were $29.1 million, down from $53.2 million at May 4, 2024, with no debt outstanding[100] Tax and Interest - The effective tax rate increased to 39.7% in Q1 fiscal 2025 from 30.4% in Q1 fiscal 2024, primarily due to permanent book-to-tax differences[114] - Net interest income decreased to $0.3 million in Q1 fiscal 2025 from $0.6 million in Q1 fiscal 2024 due to a lower average balance of investments[112] Inventory and Depreciation - Inventory decreased by approximately $5.8 million to $85.5 million as of May 3, 2025, with clearance inventory at 9.5% of total inventory, down from 9.7%[116] - Depreciation and amortization rose to $3.6 million in Q1 fiscal 2025 from $3.3 million in Q1 fiscal 2024, driven by increased capital expenditures for new store openings and technology projects[111] Future Plans and Technology - The company plans to open six additional DXL stores during fiscal 2025, with capital expenditures expected to range from $19.0 million to $21.0 million[125] - FiTMAP Sizing Technology is currently in 52 DXL retail locations, with plans to expand to 85 stores by the end of fiscal 2025 and up to 200 stores by the end of fiscal 2027[126] - The company has an exclusive license for the FiTMAP Sizing Technology until 2030, aimed at enhancing customer engagement and personalization[97] Marketing Costs - Marketing costs were 6.1% of sales for the first quarter of fiscal 2025, slightly down from 6.3% in the first quarter of fiscal 2024, with expectations of approximately 5.9% for fiscal 2025[109] Tariffs Impact - The company expects the impact of current tariffs on financial results for fiscal 2025 could be an increase in costs of less than $2.0 million, or approximately 40 basis points as a percentage of sales[106]

Destination XL Group (DXLG) Q1 2026 Earnings Call May 29, 2025 09:00 AM ET Company Participants Shelly Mokas - Vice President, SEC and Financial ReportingHarvey Kanter - President, CEO & DirectorPeter Stratton - Executive VP, CFO & Treasurer Operator Good day, everyone, and welcome to the Destination XLGU, Inc. First Quarter Fiscal twenty twenty five Financial Results Conference Call. Today's call is being recorded. At this time, I would like to turn the call over to Ms. Shelby Mokus, Vice President of Fina ...

Destination XL Group (DXLG) Q1 2026 Earnings Call May 29, 2025 09:00 AM ET Speaker0 Good day, everyone, and welcome to the Destination XLGU, Inc. First Quarter Fiscal twenty twenty five Financial Results Conference Call. Today's call is being recorded. At this time, I would like to turn the call over to Ms. Shelby Mokus, Vice President of Financial Reporting and SEC Compliance at DXL. Please go ahead, Shelly. Speaker1 Thank you, and good morning, everyone. Thank you for joining us on Destination XL Group's ...

Financial Performance - Total sales for Q1 fiscal 2025 were $105.5 million, down 8.6% from $115.5 million in Q1 fiscal 2024, with comparable sales decreasing by 9.4%[5] - Net loss for Q1 fiscal 2025 was $(1.9) million, or $(0.04) per diluted share, compared to net income of $3.8 million, or $0.06 per diluted share in Q1 fiscal 2024[20] - Adjusted EBITDA for Q1 fiscal 2025 was $0.1 million, a significant decrease from $8.2 million in Q1 fiscal 2024[21] - Gross margin rate for Q1 fiscal 2025 was 45.1%, down from 48.2% in Q1 fiscal 2024, primarily due to increased occupancy costs and markdown activity[10] - SG&A expenses as a percentage of sales increased to 45.0% in Q1 fiscal 2025 from 41.1% in Q1 fiscal 2024[13] - Free cash flow before capital expenditures for store development was $(14.5) million for Q1 fiscal 2025, compared to $(4.6) million in Q1 fiscal 2024[50] Cash and Investments - Cash and investments decreased to $29.1 million as of May 3, 2025, from $53.2 million as of May 4, 2024, reflecting $13.6 million in share repurchases[27] - Cash and cash equivalents decreased to $8.1 million as of May 3, 2025, down from $11.9 million on February 1, 2025[46] Inventory Management - Inventory decreased by approximately $5.8 million to $85.5 million as of May 3, 2025, compared to $91.2 million as of May 4, 2024[28] - Inventory levels as of May 3, 2025, were $85.5 million, an increase from $75.5 million on February 1, 2025, but a decrease from $91.2 million a year earlier[46] Future Outlook - The company expects a single-digit decrease in comparable sales for Q2 fiscal 2025, with a return to positive results in the second half of the fiscal year[9] - The company anticipates that the impact of current tariffs on financial results for fiscal 2025 could increase costs by less than $2.0 million, or approximately 40 basis points as a percentage of sales[40] Expansion Plans - FiTMAP sizing technology is currently in 52 DXL retail locations, with plans to expand to 85 stores by the end of fiscal 2025 and up to 200 stores by the end of fiscal 2027[30] - The company plans to open six additional DXL stores during fiscal 2025, with capital expenditures expected to range from $19.0 million to $21.0 million[29] Sales Breakdown - For Q1 fiscal 2025, direct sales were $29.1 million, representing 27.5% of total sales, down from $34.6 million or 30.0% in Q1 fiscal 2024[31] - Total sales for the three months ended May 3, 2025, were $105.5 million, a decrease from $115.5 million in the same period last year[45] - The company reported a net loss of $1.9 million for Q1 fiscal 2025, compared to a net income of $3.8 million in Q1 fiscal 2024[48] - Adjusted EBITDA for Q1 fiscal 2025 was $0.1 million, significantly lower than $8.2 million in Q1 fiscal 2024, resulting in an adjusted EBITDA margin of 0.1% compared to 7.1%[48]

EAST HANOVER, N.J., May 28, 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 East Hanover, NJ, located in Hanover Commons at 200 NJ-10. This marks DXL's fourth new store opening of the fiscal year and its tenth within the past 12 months across the United States.After decades of designing, creating and offering high-quality clothes that truly fit Big ...

Group 1 - Destination XL Group, Inc. (DXLG) has opened a new store in Syracuse, NY, marking its third new store opening in the fiscal year and twelfth in the past 12 months across the U.S. [1] - The new store aims to provide a superior shopping experience for Big + Tall men, featuring exclusive styles and brands such as Polo Ralph Lauren®, Reebok®, and Levi's® [2][4] - DXL has introduced its proprietary FiTMAPSM Sizing Technology in the new store, allowing for personalized measurements and accurate size recommendations [3] Group 2 - The CEO of DXL, Harvey Kanter, expressed excitement about expanding the company's reach in the Syracuse area, emphasizing the mission to provide fashionable options for Big + Tall customers [4] - Destination XL Group operates multiple retail and outlet stores, as well as an e-commerce platform, offering a comprehensive selection for Big + Tall men [5]

Company to Webcast Conference Call Live at 9:00 a.m. ET CANTON, Mass., May 15, 2025 (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 2025 financial results before the market opens on Thursday, May 29, 2025. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a co ...

Core Viewpoint - Destination XL Group, Inc. is expanding its Big + Tall product offerings by adding Haggar® and Dickies® brands to enhance customer value and meet evolving tastes [1][2][3] Group 1: Brand Expansion - The addition of Haggar® includes a range of dresswear such as suit separates, sport coats, dress shirts, and ties, designed specifically for Big + Tall men [2][3] - Dickies® is being introduced as a classic workwear brand, featuring durable work shirts, T-shirts, pants, shorts, and outerwear, available exclusively online [3][4] Group 2: Customer Focus - The company emphasizes the importance of providing clothes that fit well, allowing Big + Tall men to look and feel their best during significant life events like graduations and weddings [3][4] - The strategic growth initiative aims to empower customers by offering a wider selection of styles and brands, ensuring that every man can find the perfect fit [4] Group 3: Company Overview - Destination XL Group operates DXL Big + Tall retail and outlet stores, Casual Male XL stores, and an e-commerce platform, providing a comprehensive shopping experience for Big + Tall men [5] - The company is headquartered in Canton, Massachusetts, and is publicly traded on the Nasdaq under the symbol "DXLG" [5]

Company Overview - Destination XL Group, Inc. is the leading integrated-commerce retailer specializing in Big + Tall men's clothing and shoes [1] - The company operates DXL Big + Tall retail and outlet stores, Casual Male XL retail and outlet stores, and an e-commerce platform [5] Recent Developments - The company announced the grand opening of its new store in Riverdale, Utah, on April 12, 2025, marking its second new store opening of the fiscal year and eighth in the past 12 months [1][4] - The new location aims to enhance the shopping experience for Big + Tall men by offering exclusive styles and a superior fit [2] Innovative Technology - The Riverdale store features DXL's proprietary FiTMAPSM Sizing Technology, which utilizes digital scanning to provide custom clothing options and accurate size recommendations [3] Market Positioning - DXL is dedicated to serving an underserved market, focusing on providing high-quality clothing that fits Big + Tall men [2] - The company aims to ensure that every Big + Tall customer has access to fashionable and comfortable clothing options [4]