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Destination XL Group Inc (DXLG.OQ)

DXLG.OQ on NASDAQ Stock Exchange Global Select Market

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23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Destination Xl Group, Inc. Q1 Loss Per Share $0.06
Friday, 24 May 2019 

May 24 (Reuters) - Destination XL Group Inc ::DESTINATION XL GROUP, INC. REPORTS FIRST QUARTER FINANCIAL RESULTS.Q1 LOSS PER SHARE $0.06.Q1 SALES FELL 0.3 PERCENT TO $113 MILLION.Q1 SAME STORE SALES FELL 1.2 PERCENT.EXPECT TO DELIVER COMPARABLE SALES GROWTH IN OUR OMNI-CHANNEL RETAIL BUSINESS AND TO GENERATE FREE CASH FLOW IN FISCAL 2019."OUR BUSINESS PERFORMANCE IS OFF TO A DIFFICULT START AS WE STRUGGLED WITH DISAPPOINTING SALES IN Q1".INVENTORY WAS $112.3 MILLION AT MAY 4, 2019 AS COMPARED TO $106.8 MILLION AT FEBRUARY 2, 2019 AND $106.2 MILLION AT MAY 5, 2018.  Full Article

Destination XL Group Says Total Sales For 9-Weeks Ended Jan. 5, 2019 Rose 1.4 Pct To $102.7 Mln
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Destination XL Group Inc ::DESTINATION XL GROUP, INC. ANNOUNCES HOLIDAY SALES RESULTS; ANNOUNCES LAUNCH OF WHOLESALE DIVISION.DESTINATION XL GROUP INC - TOTAL SALES FOR 9-WEEKS ENDED JANUARY 5, 2019 INCREASED 1.4% TO $102.7 MILLION.DESTINATION XL GROUP INC - COMPARABLE SALES INCREASED 3.6% FOR 9-WEEKS ENDED JANUARY 5, 2019.DESTINATION XL GROUP INC - REITERATING ITS FULL-YEAR GUIDANCE AS PREVIOUSLY DISCLOSED.DESTINATION XL GROUP INC - LAUNCHED A WHOLESALE BUSINESS UNIT FOCUSED ON PRODUCT DEVELOPMENT AND DISTRIBUTION RELATIONSHIPS WITH KEY RETAILERS.DESTINATION XL GROUP INC - INTENDS TO DEVELOP AND DISTRIBUTE BOTH PRIVATE LABEL AND CO-BRANDED MEN'S BIG AND TALL APPAREL LINES..DESTINATION XL GROUP INC - BEEN SELECTED AS PROVIDER OF MEN'S BIG AND TALL SIZES FOR AMAZON PRIVATE BRAND, AMAZON ESSENTIALS.  Full Article

Glenn Krevlin Says Sent A Letter To The Board Of Destination Xl Group
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Destination XL Group Inc ::GLENN J. KREVLIN SAYS ON SEPTEMBER 11, SENT TO THE BOARD OF DIRECTORS OF DESTINATION XL GROUP INC A LETTER - SEC FILING.GLENN J. KREVLIN SAYS IN LETTER, INDICATED HIS INTEREST IN JOINING DESTINATION XL'S BOARD & HIS CONCERN WITH RESPECT TO SEARCH FOR A NEW CEO OF THE CO.  Full Article

Destination XL Group Q4 Sales Rose 10.5 Pct To $135.5 Mln
Friday, 23 Mar 2018 

March 23 (Reuters) - Destination Xl Group Inc ::DESTINATION XL GROUP, INC. REPORTS FOURTH-QUARTER AND FISCAL 2017 FINANCIAL RESULTS.Q4 LOSS PER SHARE $0.07.Q4 SALES ROSE 10.5 PERCENT TO $135.5 MILLION.SEES FY 2018 ADJUSTED LOSS PER SHARE $0.12 TO $0.22.SEES FY 2018 GAAP LOSS PER SHARE $0.17 TO $0.29.Q4 ADJUSTED LOSS PER SHARE $0.05.TOTAL COMPARABLE SALES INCREASED 4.3% FOR QUARTER.SEES 2018 CAPITAL EXPENDITURES OF APPROXIMATELY $11.4 MILLION.AT END OF FISCAL 2018, EXPECT CASH FLOW FROM OPERATING ACTIVITIES OF $20.5 MILLION TO $26.5 MILLION.INVENTORY WAS $103.3 MILLION AT FEBRUARY 3, 2018 COMPARED WITH $117.4 MILLION AT JANUARY 28, 2017.SEES 2018 SALES EXPECTED TO RANGE FROM $462.0 MILLION TO $472.0 MILLION, WITH TOTAL COMP SALES INCREASE OF ABOUT 1.0% TO 3.0%.  Full Article

Destination XL Group November Same Store Sales Rose 0.9 Pct
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Destination Xl Group Inc ::FOR DECEMBER, TOTAL SALES INCREASED 4.2 PCT TO $63.9 MILLION COMPARED TO $61.3 MILLION; COMPARABLE SALES INCREASED 4.3 PCT.NOVEMBER SALES ROSE 2.2 PCT TO $37.4 MILLION.NOVEMBER SAME STORE SALES ROSE 0.9 PCT.EXPECTS TO ACHIEVE LOW-END OF RANGE OF PREVIOUSLY ANNOUNCED GUIDANCE FOR FISCAL 2017.  Full Article

Destination XL Group reports Q3 adjusted loss per share $0.07
Friday, 17 Nov 2017 

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