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]

CANTON, Mass., April 2, 2025 /PRNewswire/ -- Destination XL Group, Inc. (Nasdaq: DXLG), the leading integrated-commerce retailer specializing in Big + Tall men's clothing and shoes, is proud to announce two new cost-saving initiatives designed to bring a heightened level of exceptional value and recognition to its guests – our newly announced Fit Exchange by DXL program and a program supporting those who serve us all.In late February, Fit Exchange by DXL launched, offering customers an easy way to donate cl ...

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(Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2025 (Fiscal 2024) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K Commission File Number 01-34219 DESTINATION XL GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...

Destination XL Group, Inc. (NASDAQ:DXLG) Q4 2024 Earnings Conference Call March 20, 2025 9:00 AM ET Company Participants Shelly Mokas - Vice President of Financial Reporting & SEC Compliance Harvey Kanter - President & Chief Executive Officer Peter Stratton - Chief Financial Officer Conference Call Participants Michael Baker - D.A. Davidson Jeremy Hamblin - Craig-Hallum Operator Good day, everyone, and welcome to the Destination XL Group, Inc. Fourth Quarter Fiscal 2024 Financial Results Conference Call. To ...

Exhibit 99.1 Destination XL Group, Inc. Reports Fiscal 2024 Fourth Quarter and Full-Year Financial Results Full-Year Sales of $467.0 million, Net Income of $3.1 million, $0.05 EPS, Adjusted EBITDA of $19.9 million CANTON, MA., March 20, 2025– 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 2024. Fourth Quarter Highlights Fiscal 2024 Highlights • Total ...

Core Insights - Destination XL Group, Inc. reported a total sales of $467.0 million for fiscal 2024, a decrease of 10.5% from $521.8 million in fiscal 2023, primarily due to a 10.6% decline in comparable sales [6][10][22] - The company experienced a net income of $3.1 million, or $0.05 per diluted share, compared to $27.9 million, or $0.43 per diluted share, in fiscal 2023 [22][24] - Adjusted EBITDA for fiscal 2024 was $19.9 million, down from $55.9 million in fiscal 2023, reflecting a challenging year for the men's apparel sector [25][26] Financial Performance - Total sales for the fourth quarter of fiscal 2024 were $119.2 million, down 13.1% from $137.1 million in the fourth quarter of fiscal 2023 [6][9] - Comparable sales for the fourth quarter decreased by 8.7%, with store sales down 6.7% and direct business down 12.7% [9][10] - The gross margin for fiscal 2024 was 46.5%, a decrease of 190 basis points from 48.4% in fiscal 2023, primarily due to increased occupancy costs [12][11] Operational Highlights - The company maintained a strong operating regimen, achieving a positive net income and free cash flow despite lower sales [4] - Cash flow from operations for fiscal 2024 was $29.6 million, down from $49.6 million in fiscal 2023 [26] - The company repurchased 4.9 million shares of common stock for $13.7 million during fiscal 2024 [33] Strategic Initiatives - In 2024, the company conducted consumer research to explore brand awareness and trends, which may drive long-term sales growth [5] - The company opened seven new stores and upgraded its eCommerce platform to enhance customer experience [5][36] - For fiscal 2025, the company plans to focus on executing its strategic plan while monitoring macroeconomic factors and potential tariff impacts [6][39] Market Outlook - The company expects comparable sales to gradually improve throughout fiscal 2025, moving from a low double-digit negative in the first quarter to a positive result in the second half of the year [38] - The company has minimal exposure to tariffs in China, Mexico, and Canada, which collectively represent less than 5% of its sourced products [6][39] - The company anticipates capital expenditures for fiscal 2025 to range from $19.0 million to $21.0 million, focusing on store openings and conversions [36]

CANTON, Mass., March 20, 2025 (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 2024. Fourth Quarter Highlights Total sales for the 13-week fourth quarter were $119.2 million, down 13.1% from $137.1 million for the 14-week fourth quarter of fiscal 2023. Comparable sales for the fourth quarter decreased 8.7% as compared to the fourth qu ...

ROSEVILLE, Calif., Feb. 22, 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 Roseville, CA, located at Creekside Town Center, 1232 Galleria Blvd. This marks DXL's first new store opening of the fiscal year and its eighth within the past 12 months across the United States.After decades of designing, creating and offering high-quality clothes that trul ...

Core Viewpoint - Destination XL Group, Inc. will release its fourth quarter and fiscal 2024 financial results on March 20, 2025, before market opens, followed by a conference call at 9:00 a.m. ET to discuss the results [1]. Company Overview - Destination XL Group, Inc. is the leading retailer of Men's Big + Tall apparel, providing a multi-channel shopping experience through DXL Big + Tall retail and outlet stores, Casual Male XL stores, and an e-commerce platform [4]. - The company is headquartered in Canton, Massachusetts, and its common stock is listed on the Nasdaq Global Market under the symbol "DXLG" [4]. Conference Call Details - Participants can join the conference call by pre-registering online, after which they will receive a dial-in number and unique PIN [2]. - A webcast will also be available for listening, with a replay accessible through the company's website [3].