kali9/E+ via Getty Images Destination XL Group, Inc. (NASDAQ:DXLG) Q2 2024 results were very bad, with comparables deteriorating from Q1 2024 and Q4 2023. The company has complained about low traffic and their carried brands underpricing them, signaling some challenges with the business model. Although DXLG continues to be optically cheap, the stock has ample cash reserves. I believe its management is sincere; the comparable figures lead me to believe that execution is a problem. In particular, if the cited ...

Destination XL Group, Inc. (NASDAQ:DXLG) Q2 2024 Earnings Conference Call August 29, 2024 9:00 AM ET Company Participants Shelly Mokas - Vice President of Financial Reporting and SEC Compliance Harvey Kanter - President and Chief Executive Officer Peter Stratton - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Markets Keegan Cox - D.A. Davidson Operator Good day everyone and welcome to the Destination XL Group, Inc. Second Q ...

. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Securities registered pursuant to Section 12(b) of the Act. Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value DXLG The Nasdaq Stock Market LLC FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 3, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ...

Exhibit 99.1 Destination XL Group, Inc. Reports Second Quarter Financial Results Sales of $124.8 million, Net Income of $0.04 per diluted share, Revises Full-Year Guidance CANTON, Mass., August 29, 2024 – 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 • To ...

LOS ANGELES, July 15, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Destination XL Group, Inc. ("Destination XL" or the "Company") (NASDAQ: DXLG) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Destination XL investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. On May 30, 2024, Destination XL issued a press release "report[ing] operating results for the first quarter of f ...

On this news, Destination XL's stock price fell $0.27 per share, or 7.56%, to close at $3.30 per share on May 30, 2024. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerant ...

NEW YORK, May 30, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Destination XL Group, Inc. ("Destination XL" or the "Company") (NASDAQ: DXLG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Destination XL and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] O ...

Financial Data and Key Metrics Changes - The company reported net sales of $115.5 million for Q1 2024, a decrease of 7.9% compared to $125.4 million in Q1 2023, with comparable sales down 11.3% [27][28] - Gross margin rate was 48.2%, slightly down from 48.6% in the previous year, primarily due to increased occupancy costs [30] - EBITDA margin for the quarter was 7.1%, down from 10.1% in Q1 2023, with expectations for a full-year EBITDA margin of 7% [34] Business Line Data and Key Metrics Changes - Comparable sales for stores decreased by 11.4%, while direct sales were down 11% [28][13] - The company opened new stores, contributing to non-comparable sales of $1.8 million, but overall sales were still impacted by macroeconomic challenges [27][28] Market Data and Key Metrics Changes - The company noted that inflationary pressures have led consumers to prioritize spending on essentials, impacting discretionary spending on apparel [14][28] - A report indicated that 55% of apparel units purchased in early 2024 came from the lowest price quartile, up from 35% the previous year, indicating a shift in consumer purchasing behavior [18] Company Strategy and Development Direction - The company is executing a long-range plan (LRP) with four initiatives: increasing brand awareness, expanding store footprint, improving digital experience, and forming alliances [7][10] - A new brand advertising campaign was launched in May 2024, aimed at increasing awareness and market share [20][21] - The company plans to open eight new stores in fiscal 2024, down from the initially planned ten [11] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment over the tough comparable sales performance but remains optimistic about future growth opportunities [5][6] - The company expects sales for the full year to be at the lower end of the previously estimated range of $500 million to $530 million [15][29] - Management highlighted the importance of driving traffic to stores and online as a key focus for future growth [48] Other Important Information - The company maintains a strong balance sheet with cash and short-term investments of $53.2 million and no outstanding debt [34][35] - Inventory management has improved, with a 9% decrease in inventory compared to the previous year [19] Q&A Session Summary Question: Insights on marketing investments and expected response timing - Management indicated that the marketing investment is a long-term strategy, expecting a gradual response over two to three years [40][43] Question: Impact of consumer behavior on channel mix - Management noted that consumers are increasingly shopping at lower price points, which may affect the mix of online and store sales [49][51] Question: Timing of the Nordstrom collaboration launch - The collaboration with Nordstrom is live, with initial sales showing promise, although it is not expected to be material in the current year [54][55]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 01-34219 DESTINATION XL GROUP, INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) 555 Turnpike Str ...

Exhibit 99.1 Destination XL Group, Inc. Reports First Quarter Financial Results 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 – 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 ...