Core Viewpoint - Destination XL Group, Inc. continues to expand its footprint in the Big + Tall men's clothing market with the opening of a new store in East Hanover, NJ, enhancing its commitment to serving an underserved demographic [1][4]. Group 1: Store Opening Details - The new store in East Hanover, NJ, is located in Hanover Commons at 200 NJ-10 and represents DXL's fourth new store opening in the fiscal year and the tenth in the past 12 months across the United States [1]. - The East Hanover store officially opened on May 24, 2025 [4]. Group 2: Customer Experience and Offerings - The East Hanover location aims to provide a superior shopping experience with styles specifically designed for Big + Tall men, featuring popular brands such as Polo Ralph Lauren®, Reebok®, Nautica®, vineyard vines®, Columbia®, and Levi's® [2]. - DXL has introduced its proprietary FiTMAPSM Sizing Technology at the new store, which utilizes digital scanning to provide customers with accurate size recommendations and custom clothing options [3]. Group 3: Company Mission and Vision - The company emphasizes its mission to ensure that every Big + Tall man can find fashionable clothing that fits comfortably, as stated by CEO Harvey Kanter [4]. - Destination XL Group operates multiple retail formats, including DXL Big + Tall and Casual Male XL stores, along with an e-commerce platform, DXL.COM, providing a comprehensive shopping experience for its customers [5].

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 Announcement - Destination XL Group, Inc. will release its first quarter of fiscal 2025 financial results before the market opens on May 29, 2025 [1] - The conference call to discuss the results will be hosted by President and CEO Harvey Kanter and CFO Peter Stratton at 9:00 a.m. ET on the same day [1] Participation Details - Participants can join the conference call by pre-registering at a provided link to 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] Company Overview - Destination XL Group, Inc. is the leading retailer of Men's Big + Tall apparel, operating DXL Big + Tall and Casual Male XL retail and outlet stores across the United States [4] - The company offers a multi-channel solution through its e-commerce website DXL.COM and mobile app, providing an extensive selection of products for Big + Tall men [4] - The company is headquartered in Canton, Massachusetts, and its stock is listed on the Nasdaq Global Market under the symbol "DXLG" [4]

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]

Core Insights - Destination XL Group, Inc. has launched two new cost-saving initiatives aimed at providing exceptional value to customers, namely the Fit Exchange by DXL program and the DXL Heroes Discount [1][3] Group 1: Fit Exchange by DXL Program - The Fit Exchange by DXL program allows customers to donate clothing that no longer fits and receive a 20% discount on new purchases at over 250 DXL locations [2] - Donated items will be distributed locally to support community members in need [2] Group 2: DXL Heroes Discount - The DXL Heroes Discount offers a 15% discount to active military personnel, veterans, first responders, healthcare workers, and teachers, applicable both in-store and online [3][4] - This initiative is in partnership with GOVX, enhancing the company's commitment to supporting those who serve the community [4] Group 3: Company Philosophy and Commitment - The company emphasizes the importance of providing well-fitting clothing to enhance customers' confidence and style [3][5] - These initiatives reflect the company's dedication to empowering customers and ensuring they can find styles that suit them [5]

Group 1 - The core investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective, rather than market-driven dynamics [1] - The articles emphasize understanding the long-term earnings power of companies and the competitive dynamics within their industries [1] - The majority of recommendations will be holds, indicating a cautious approach to investment opportunities, with only a small fraction of companies deemed suitable for buying at any given time [1] Group 2 - The hold articles are intended to provide valuable information for future investors and introduce a healthy skepticism in a generally bullish market [1] - There is a clear distinction made between the author's opinions and professional investment advice, highlighting the importance of conducting due diligence [2][3]

Financial Data and Key Metrics Changes - The company's fourth quarter sales were $119.2 million, down from $137.1 million in the same quarter of the previous year, with a comparable sales decrease of 8.7% [39][41] - For the full year, net sales totaled $467 million, reflecting a 10.6% decline compared to the previous year [41] - Adjusted EBITDA for the fourth quarter was $4.2 million, or 3.5% of sales, while for the full year, it was $19.9 million, or 4.3% of sales [45] Business Line Data and Key Metrics Changes - Comparable sales in stores decreased by 6.7%, while direct sales fell by 12.7% [14] - Merchandise margins improved by 50 basis points in the fourth quarter and 40 basis points for the full year, attributed to a shift towards higher private label products and reduced shipping costs [42] Market Data and Key Metrics Changes - Comparable sales were down 12.5% in the first six weeks of the year, with expectations for gradual improvement throughout 2025 [12] - The men's apparel sector, particularly the big and tall segment, has faced significant challenges, impacting overall sales performance [5][41] Company Strategy and Development Direction - The company is focused on stabilizing its business and driving growth by enhancing customer acquisition and controlling costs [10][11] - Strategic initiatives include expanding physical presence with new store openings, enhancing online experiences, and launching a new loyalty program [7][8][30] - The company plans to resume brand marketing campaigns and pursue more store openings once market conditions improve [11][21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging retail environment and consumer uncertainty affecting traffic and sales [5][6] - Despite current challenges, management remains optimistic about the company's financial footing and ability to navigate market volatility [9][11] - The company is cautious about issuing guidance for the upcoming fiscal year due to market uncertainties [11] Other Important Information - The company opened seven new stores and converted eight others to DXL, aiming to improve customer access [7][20] - Inventory levels decreased by 6.8% year-over-year, with a clearance penetration of 8.6%, aligning with long-term targets [17][18] - The company repurchased 4.9 million shares at a cost of $13.7 million, representing 21% of its share count over the past three years [47] Q&A Session Summary Question: Insights from the GLP-1 study regarding customer weight loss - Management noted that some customers are dropping out of the size range due to weight loss, but quantifying this is unclear [52] Question: Market share performance relative to competitors - Management indicated that the men's apparel sector is underperforming, with many competitors facing similar challenges [55] Question: Tariff exposure and negotiations with national brands - Management confirmed minimal exposure to tariffs and noted a slight shift towards private brands due to perceived value [60][61] Question: Impact of promotions on gross margin - Management anticipates some erosion in merchandise margins due to increased promotions, but aims to drive customer traffic [68] Question: Details on new store performance and investment costs - Management acknowledged that new stores have not met expectations, with average investments around $1 million per store [82]

(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 ...