Edition:
United Kingdom

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. 

Company Quote

2.15
0.0 +0.00%
25 Apr 2019