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Destination XL Group Inc (DXLG.OQ)

DXLG.OQ on NASDAQ Stock Exchange Global Select Market

2.10USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Destination XL Group reports Q3 adjusted loss per share $0.07
Friday, 17 Nov 2017 07:00am EST 

Nov 17 (Reuters) - Destination Xl Group Inc :Destination XL Group, Inc. reports third quarter financial results.Q3 loss per share $0.12.Q3 sales rose 1.8 percent to $103.7 million.Q3 same store sales fell 0.1 percent.Q3 adjusted loss per share $0.07.Destination XL Group Inc sees ‍fiscal 2017 total sales are expected to range from $466.0 million to $470.0 million​.Destination XL Group Inc sees ‍fiscal 2017 comparable sales being flat to an increase of 2.0%​.Destination XL Group Inc sees ‍fiscal 2017 capital expenditures of approximately $22.0 million​.Destination XL Group Inc sees ‍ fiscal 2017 gross margin rate of approximately 45.0% to 45.5%​.Sees FY 2017 adjusted non-GAAP loss per share $0.21 to $0.25.Destination -‍ unseasonably warm weather, disruption from hurricanes Irma, Harvey, no incremental marketing support all led to 5% decline in store traffic​.Destination XL Group Inc - sees ‍FY 2017 net loss, on a GAAP basis, decreased from previous guidance, to $0.35 to $0.42 per diluted share​.Destination - sees ‍2017 cash flow from operating activities $31 to $35 million, resulting in free cash flow after capex for new DXL stores of $9 to $13 million​.Destination XL Group Inc - ‍inventory was $119.9 million at Oct 28, 2017 and $128.2 million at Oct 29, 2016​.Destination XL Group Inc - ‍"expect markdowns to return to a more normalized level in Q4 with a merchandise margin consistent with prior year​".  Full Article

Destination XL posts Q2 loss of $0.08 per share
Thursday, 24 Aug 2017 07:00am EDT 

Aug 24 (Reuters) - Destination Xl Group Inc :Q2 loss per share $0.08.Q2 sales rose 2.8 percent to $121.1 million.Q2 same store sales rose 0.1 percent.Q2 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted non-GAAP loss per share $0.14 to $0.21.Sees FY 2017 GAAP loss per share $0.24 to $0.34.Sees FY 2017 sales $470 million to $480 million.Q2 adjusted loss per share $0.05.Company is updating guidance as it relates to gross margin, SG&A, EBITDA and earnings for fiscal 2017..For FY17 expects capital expenditures of approximately $22.0 million.  Full Article

Destination XL Group posts Q1 adj. loss per share $0.07
Friday, 19 May 2017 07:00am EDT 

May 19 (Reuters) - Destination XL Group Inc :Destination XL Group Inc reports first quarter financial results.Q1 loss per share $0.12.Q1 sales $107.7 million versus I/B/E/S view $109.2 million.Q1 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S.Q1 adjusted loss per share $0.07.Destination XL Group Inc - reaffirmed fiscal 2017 outlook.Destination XL Group Inc - inventory was $121.4 million at April 29, 2017 compared with $117.4 million at January 28, 2017.Destination XL Group Inc - "our April performance exceeded our expectations with positive comp of 6.4 pct, positive trend has continued in May".  Full Article

Destination XL group reports Q4 EPS $0.04
Monday, 20 Mar 2017 07:00am EDT 

Destination Xl Group Inc : Destination xl group, inc. Reports fourth-quarter and fiscal 2016 financial results . Q4 earnings per share $0.04 . Q4 sales $122.6 million versus I/B/E/S view $126.8 million . Q4 earnings per share view $0.01 -- Thomson Reuters I/B/E/S . Sees FY 2017 adjusted non-GAAP loss per share $0.06 to $0.14 . Sees FY 2017 GAAP loss per share $0.11 to $0.23 . Sees FY 2017 sales $470 million to $480 million . Q4 adjusted earnings per share $0.02 . Sees 2017 capital expenditures of approximately $22.0 million, $8.3 million . Authorized company to repurchase up to $12.0 million of its common stock through open market . Says DXL comparable store sales decreased 1.9 pct for quarter . Stock repurchase program is expected to commence in Q1 of fiscal 2017 and will expire on February 3, 2018 . FY2017 earnings per share view $-0.05, revenue view $453.4 million -- Thomson Reuters I/B/E/S .Sees 2017 cash flow from operating activities of $37.0 million to $42.0 million.  Full Article

Destination XL Group, Inc. announces holiday sales results
Monday, 9 Jan 2017 07:00am EST 

Destination Xl Group Inc : Destination XL Group, Inc. Announces holiday sales results and updates guidance . Destination XL Group Inc - comparable sales decreased 1.4% for 9-week holiday sales period ending december 31, 2016 . Destination XL group Inc - expect to meet low-end of sales, ebitda and earnings guidance for year .Destination XL - total sales for 9-week holiday sales period ending Dec 31, 2016 decreased to $97.9 million versus $98.2 million for same period of prior year.  Full Article

Destination XL Group Q3 loss per share $0.09
Friday, 18 Nov 2016 07:00am EST 

Destination Xl Group Inc : Destination XL Group, Inc. reports third-quarter 2016 financial results . Q3 non-GAAP loss per share $0.05 . Q3 loss per share $0.09 . Q3 sales $101.9 million versus I/B/E/S view $103.8 million . Q3 earnings per share view $-0.06 -- Thomson Reuters I/B/E/S . Sees capital expenditures of approximately $30.0 million in fiscal 2016 . Company is reducing its sales and ebitda guidance for fiscal 2016 . Sees borrowings at end of fiscal 2016 in range of $60.0 to $66.0 million . For FY 2016 maintains earnings guidance, on a gaap basis, of breakeven to loss of $0.09 per share . FY2016 earnings per share view $-0.11, revenue view $442.2 million -- Thomson Reuters I/B/E/S . Qtrly DXL retail stores delivered positive 2.3% comparable sales growth, a 2-year stack of 11.5% .Sees FY 2016 total sales of $451.0 million to $457.0 million with a total comparable sales increase in range of 1.0% to 2.0%.  Full Article

Destination XL Group Reports Q2 2016 financial results
Thursday, 25 Aug 2016 07:00am EDT 

Destination XL Group, Inc. : Reports Second Quarter 2016 financial results . Q2 earnings per share $0.00 . Q2 sales $117.9 million versus I/B/E/S view $120.2 million . Q2 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S . Company updates sales guidance for fiscal 2016 . Sees FY 2016 total sales in range of $457.0 to $463.0 million . Sees FY 2016 total comparable sales increase in range of 2.0% to 4.0% . Sees FY 2016 net loss of $4.4 million, or $0.09 per diluted share, to breakeven . Sees FY 2016 non-GAAP basis, an adjusted net loss of $2.6 million, or $0.05 per diluted share, to breakeven . Sees capital expenditures of approximately $30.0 million in fiscal 2016 . Sees FY 2016 gross profit margin at low end of previous range of 46.2% to 46.5% . Sees borrowings at end of fiscal 2016 in range of $59.0 million to $64.0 million . Sees FY 2016 free cash flow before DXL Capital Expenditures of approximately $25.6 million to $30.6 million .FY2016 earnings per share view $-0.11, revenue view $442.2 million -- Thomson Reuters I/B/E/S.  Full Article

Destination XL Group reports Q1 earnings per share $0.00
Friday, 20 May 2016 07:00am EDT 

Destination Xl Group, Inc. : Reports first-quarter 2016 financial results . Q1 earnings per share $0.00 . Q1 sales $107.9 million versus I/B/E/S view $109.6 million . Q1 same store sales rose 2 percent . Q1 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S . "we expect sales growth to improve in Q2" . Inventory was $125.8 million at April 30, 2016, compared with $125.0 million at January 30, 2016 and $123.8 million at May 2, 2015 . Destination XL Group Inc sees FY total comparable sales increase in range of 4.8 pct to 5.5 pct . Destination XL Group Inc sees capital expenditures of approximately $30.0 million in fiscal 2016 . Current sales and earnings guidance for fiscal 2016 is still within original guidance previously provided . Destination XL Group Inc sees 2016 free cash flow before DXL capital expenditures of about $25.6 million to $30.6 million .Company has raised its FY 2016 cash flow guidance.  Full Article

BRIEF-Destination Xl Group Entered Into Letter Agreement With Prescott Group Capital Management

* DESTINATION XL GROUP - ON DEC 6, CO ENTERED INTO LETTER AGREEMENT WITH PRESCOTT GROUP CAPITAL MANAGEMENT L.L.C. & AFFILIATES & THEIR ASSOCIATES