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Destination XL (DXLG)
NASDAQ:DXLG
Earnings Data
Report Date
May 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -46.04%
|Next Earnings Date:May 29, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic initiatives and financial stability, indicating a strong foundation and future potential. However, significant challenges such as declining sales, new store performance issues, and economic uncertainties were noted. The company is actively addressing these issues through strategic promotions and partnerships.Company Guidance
During the Destination XL Group, Inc. fourth quarter fiscal 2024 earnings call, the company did not issue specific guidance for fiscal 2025, citing increased market volatility and macroeconomic uncertainties, including the potential impact of tariffs. Despite a 12.5% decline in comparable sales for the first six weeks of fiscal 2025, CEO Harvey Kanter expressed optimism about strategic initiatives designed to capture a larger share of the big and tall market. These initiatives include an upgraded e-commerce platform, a new loyalty program, strategic store openings, and partnerships with Nordstrom and TravisMathew. The company aims to stabilize its business and drive growth by enhancing customer acquisition and retention while maintaining financial discipline, as evidenced by a solid balance sheet with $48.4 million in cash and no debt. Although they expect comparable sales to improve from a double-digit negative in the first quarter to positive in the second half of the year, they refrained from providing a range of expected sales and EBITDA outcomes for the year.Strategic Initiatives and Expansion
Opened seven new stores and converted eight others from Casual Male to DXL. Launched a new e-commerce platform and upgraded the loyalty program to DXL Rewards.
Financial Stability
Despite a challenging year, DXL maintained positive net earnings, positive free cash flow, and adjusted EBITDA margins of 4.3%. The company ended the fiscal year with $48.4 million in cash and no debt.
Inventory Management Success
Inventory balance decreased by 6.8% with clearance penetration below 10%, demonstrating effective inventory management.
Nordstrom Partnership
Launched collaboration with Nordstrom online marketplace, offering 37 brands and over 2,200 styles.
DXLG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DXLG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 20, 2025 | $2.02 | $1.84 | -8.91% |
Nov 22, 2024 | $2.58 | $2.32 | -10.08% |
Aug 29, 2024 | $2.80 | $2.72 | -2.86% |
May 30, 2024 | $3.57 | $3.30 | -7.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Destination XL (DXLG) report earnings?
Destination XL (DXLG) is schdueled to report earning on May 29, 2025, TBA Not Confirmed.
What is Destination XL (DXLG) earnings time?
Destination XL (DXLG) earnings time is at May 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DXLG EPS forecast?
DXLG EPS forecast for the fiscal quarter 2025 (Q1) is -0.06.