Destination XL not providing sales, earnings guidance for FY25

The company said, “Through the first six weeks of the year, our comparable sales are down 12.5%. Despite these early results, we believe that comparable sales will gradually improve over the year, from a low double-digit negative in the first quarter, to single-digit negative in the second quarter and a return to a positive comp result in the second half of the year due to a combination of our strategic initiatives, modest improvement in macroeconomic trends, and easier comp comparisons as we move through fiscal 2025. Given the volatility of the market, and other macro uncertainties such as the implementation of tariffs, we are not providing sales and earnings guidance for fiscal 2025. Based on actions previously taken, our exposure to tariffs in China, Mexico, and Canada, which collectively represent less than 5% of our own sourced product, are expected to impact gross margin by less than 10 basis points.”