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Destination XL Group Inc (DXLG.OQ)

DXLG.OQ on NASDAQ Stock Exchange Global Select Market

2.60USD
16 Jan 2019
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Latest Key Developments (Source: Significant Developments)

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

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