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Destination XL Group Inc (DXLG.OQ)

DXLG.OQ on NASDAQ Stock Exchange Global Select Market

2.59USD
22 Mar 2019
Change (% chg)

$-0.04 (-1.52%)
Prev Close
$2.63
Open
$2.77
Day's High
$2.80
Day's Low
$2.54
Volume
17,419
Avg. Vol
15,946
52-wk High
$3.50
52-wk Low
$1.45

Latest Key Developments (Source: Significant Developments)

Destination XL Group Q4 Loss Per Share $0.15
Friday, 22 Mar 2019 

March 22 (Reuters) - Destination XL Group Inc ::DESTINATION XL GROUP, INC. REPORTS FISCAL 2018 FOURTH-QUARTER AND FULL YEAR FINANCIAL RESULTS.Q4 LOSS PER SHARE $0.15.Q4 SALES FELL 3.2 PERCENT TO $131.2 MILLION.Q4 ADJUSTED LOSS PER SHARE $0.01.COMPARABLE SALES FOR Q4 INCREASED BY 3.1%.SAYS EXPECTS TO CLOSE FIVE REMAINING ROCHESTER CLOTHING STORES IN FISCAL 2019.DESTINATION XL - EXPECT TO DELIVER LOW SINGLE-DIGIT COMP SALES GROWTH IN OMNI-CHANNEL RETAIL BUSINESS, GENERATE FREE CASH FLOW IN FISCAL 2019.ON APRIL 1, 2019, LEVIN WILL RESIGN AS ACTING CEO.KANTER WILL BECOME COMPANY'S PRESIDENT, CHIEF EXECUTIVE OFFICER AND A DIRECTOR OF COMPANY..WILL BE ADOPTING A NEW LEASE ACCOUNTING STANDARD, ASC 842 (LEASES) IN Q1 OF FISCAL 2019..DESTINATION XL - EXPECT TO DELIVER LOW SINGLE-DIGIT COMPARABLE SALES GROWTH IN OMNI-CHANNEL RETAIL BUSINESS. TO GENERATE FREE CASH FLOW IN FISCAL 2019.UPON JOINING COMPANY, MR. KANTER WILL CONDUCT A STRATEGIC REVIEW OF CO.  Full Article

Destination XL Group Inc - Appointed Harvey Kanter As Co's New President And Chief Executive Officer
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Destination XL Group Inc ::DESTINATION XL GROUP, INC. ANNOUNCES APPOINTMENT OF HARVEY S. KANTER AS ITS NEXT PRESIDENT AND CHIEF EXECUTIVE OFFICER.DESTINATION XL GROUP INC - KANTER WILL SUCCEED DAVID LEVIN.DESTINATION XL GROUP INC - APPOINTED HARVEY KANTER AS COMPANY'S NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER AND A MEMBER OF ITS BOARD.DESTINATION XL GROUP INC - KANTER WILL SERVE AS ADVISOR TO ACTING CEO UNTIL APRIL 1, 2019.  Full Article

Destination Xl Group Reports Q3 Adj Non-GAAP Loss Per Share Of $0.02
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Destination XL Group Inc ::DESTINATION XL GROUP, INC. REPORTS THIRD QUARTER FINANCIAL RESULTS.Q3 ADJUSTED NON-GAAP LOSS PER SHARE $0.02.Q3 LOSS PER SHARE $0.04.Q3 SALES ROSE 3.2 PERCENT TO $107.1 MILLION.Q3 SAME STORE SALES ROSE 3.4 PERCENT.SEES FY 2018 ADJUSTED LOSS PER SHARE $0.08 TO $0.13.SEES FY 2018 GAAP LOSS PER SHARE $0.20 TO $0.26.RAISES FISCAL 2018 GUIDANCE.EXPECTS TO REALIZE SAVINGS OF APPROXIMATELY $5.6 MILLION IN SG&A EXPENSES IN FISCAL 2018,.WILL CONTINUE TO ADDRESS ITS SG&A COST STRUCTURE TO IMPROVE ITS EBITDA MARGINS AND OVERALL PROFITABILITY.EXPECTS TO INCUR AN AGGREGATE CHARGE OF APPROXIMATELY $2.1 MILLION FOR CEO TRANSITION COSTS IN FISCAL 2018.SEES 2018 SALES OF $470.0 MILLION TO $474.0 MILLION, WITH A TOTAL COMPARABLE SALES INCREASE OF 2.5% TO 3.5%.SEES 2018 CAPITAL EXPENDITURES OF APPROXIMATELY $12.5 MILLION.AT END OF FISCAL 2018, WE EXPECT CASH FLOW FROM OPERATING ACTIVITIES OF $22.5 MILLION TO $26.5 MILLION.Q3 EARNINGS PER SHARE VIEW $-0.08 -- REFINITIV IBES DATA.FY EARNINGS PER SHARE VIEW $-0.12 -- REFINITIV IBES DATA.  Full Article

Destination Xl Group Says Current CEO & Director To Resign On Jan 1, 2019
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Destination XL Group Inc ::DESTINATION XL GROUP SAYS IF CO DOES NOT HAVE SUCCESSOR CEO BY DEC 31, DAVID A. LEVIN RESIGNS AS CEO & DIRECTOR ON JAN 1, 2019 - SEC FILING.DESTINATION XL GROUP INC - EFFECTIVE JAN 1, IF NO SUCCESSOR CEO HAS COMMENCED EMPLOYMENT LEVIN WILL BEGIN SERVING AS COMPANY'S ACTING CEO.  Full Article

Glenn Krevlin Says Reaffirmed His Interest In Joining Destination XL Group Board
Tuesday, 18 Sep 2018 

Sept 17 (Reuters) - Destination XL Group Inc ::GLENN J. KREVLIN - KREVLIN REAFFIRMED HIS INTEREST IN JOINING DESTINATION XL GROUP INC'S BOARD OF DIRECTORS - SEC FILING.GLENN J. KREVLIN - KREVLIN VOICED ADDITIONAL CONCERNS WITH RESPECT TO DESTINATION XL GROUP INC'S CEO SELECTION PROCESS.GLENN J. KREVLIN - "STRONGLY BELIEVE THE EXISTING SEARCH SHOULD BE TERMINATED, A NEW FIRM AND NEW PROCESS SHOULD COMMENCE".  Full Article

Destination Xl Group Reports Q2 Loss Per Share $0.02
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Destination XL Group Inc ::DESTINATION XL GROUP, INC. REPORTS SECOND QUARTER FINANCIAL RESULTS.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.01.Q2 LOSS PER SHARE $0.02.Q2 SALES ROSE 0.9 PERCENT TO $122.2 MILLION.Q2 SAME STORE SALES ROSE 3.3 PERCENT.DESTINATION XL GROUP - REAFFIRMING 2018 EARNINGS GUIDANCE.  Full Article

DSW Q1 Adjusted Earnings Per Share $0.39
Wednesday, 30 May 2018 

May 30 (Reuters) - DSW Inc ::. REPORTS FIRST QUARTER 2018 FINANCIAL RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.39.Q1 EARNINGS PER SHARE $0.30.Q1 REVENUE $712 MILLION VERSUS I/B/E/S VIEW $682.3 MILLION.Q1 SAME STORE SALES ROSE 2.2 PERCENT.Q1 EARNINGS PER SHARE VIEW $0.37 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $1.52 TO $1.67.FY EARNINGS PER SHARE VIEW $1.63 -- THOMSON REUTERS I/B/E/S.  Full Article

Destination Xl Group Reports Q1 Adj. Loss Per Share Of $0.05
Wednesday, 30 May 2018 

May 30 (Reuters) - Destination XL Group Inc ::DESTINATION XL GROUP INC REPORTS FIRST QUARTER FINANCIAL RESULTS.Q1 LOSS PER SHARE $0.06.Q1 SALES ROSE 5.3 PERCENT TO $113.3 MILLION.Q1 SAME STORE SALES ROSE 2.2 PERCENT.SEES FY 2018 ADJUSTED LOSS PER SHARE $0.11 TO $0.18.Q1 ADJUSTED LOSS PER SHARE $0.05.UPDATES FISCAL 2018 GUIDANCE.DESTINATION XL GROUP - MARKETING SPEND FOR 2018 EXPECTED TO BE APPROXIMATELY $24.0 MILLION.EXPECT TO INCUR APPROXIMATELY $1.7 MILLION IN Q2 FOR SEVERANCE AND OTHER RESTRUCTURING CHARGES.SEES FISCAL 2018 SALES OF $462.0 MILLION TO $472.0 MILLION.EXPECT TO INCUR APPROXIMATELY $4.2 MILLION BEFORE END OF FISCAL 2018 ASSOCIATED WITH CEO TRANSITION COSTS.SEES FISCAL 2018 TOTAL COMPANY COMPARABLE SALES INCREASE OF APPROXIMATELY 1.0% TO 3.0%, UNCHANGED FROM PREVIOUS GUIDANCE.SEES 2018 LOSS PER SHARE, ON A GAAP BASIS, OF $0.27 TO $0.37.  Full Article

Destination Xl Group Committs To Restructuring Plan, Sees To Remove 15% Of Corportate Workforce
Wednesday, 16 May 2018 

May 16 (Reuters) - Destination XL Group Inc ::DESTINATION XL GROUP INC - ON MAY 16, 2018, DESTINATION XL GROUP COMMITTED TO A CORPORATE RESTRUCTURING PLAN.DESTINATION XL GROUP INC - RESTRUCTURING PLAN EXPECTS TO ELIMINATE APPROXIMATELY 56 POSITIONS.DESTINATION XL GROUP INC - CO EXPECTS TO INCUR CHARGES IN Q2 OF FISCAL 2018 OF ABOUT $1.7 MILLION.DESTINATION XL GROUP INC - CASH EXPENDITURES ASSOCIATED WITH RESTRUCTURING ARE EXPECTED TO BE APPROXIMATELY $1.3 MILLION.DESTINATION XL GROUP INC - AS A RESULT OF RESTRUCTURING, CO EXPECTS TO REALIZE SAVINGS OF ABOUT $5.6 MILLION IN SG&A EXPENSES IN FISCAL 2018.  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