Destination XL Group

Destination XL Group, Inc. is engaged in the retail of specialty products. It offers shirts, pants, shorts, outerwear, activewear, suiting, underwear and lounge, shoes, and accessories. It distributes its products under the following brand names: Destination X, DXL, DXL Men's Apparel, DXL Outlets, Casual Male XL, and Casual Male XL Outlets. It operates through the Stores, and Direct Businesses segments. The company was founded by Calvin Margolis and Stanley I. Berger in 1976 and is headquartered in Canton, MA.

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DXLG reports resilient Q1 performance amidst economic challenges

DXLG's Q1 performance reflects resilience in the face of economic challenges, with a focus on strategic initiatives and future prospects. The company's strengths in differentiation, growth orientation, and store remodeling present opportunities for market share expansion. However, DXLG is navigating a period of gross margin decline and softening retail economy.

DXLG reports strong Q2 performance and plans for sustainable growth

DXLG's Q2 earnings call highlighted strong financial performance, future growth plans, and a focus on brand awareness and retail expansion. The company faces challenges in maintaining EBITDA margins and evaluating capital investments, but sees opportunities in increased investment, store openings, and potential impact from new weight loss drugs.

DXLG reports Q3 results, revises guidance, and focuses on growth

DXLG's Q3 call highlighted a focus on controlling margins and inventory levels, revising full-year guidance, and moderating investment view due to economic uncertainties. The company is optimistic about its growth strategy, including the loyalty program and store expansion plans.

Destination XL Group (DXLG) posts robust Q4 results and eyes market expansion

Destination XL Group (DXLG) delivered strong Q4 2022 results, showcasing growth in sales, positive comp sales, and strategic initiatives for big and tall men's fashion.
While facing challenges like macroeconomic headwinds and changing consumer spending habits, DXLG remains focused on differentiation, growth opportunities, and prudent capital allocation.
With a clear brand ethos, commitment to customer experience, and plans for market expansion, DXLG is poised for continued success and shareholder value creation in fiscal 2023.

Destination XL Group reports Q1 growth, plans strategic initiatives

DXLG remains focused on growth, emphasizing personalized communication, increased gross margins, and EBITDA. Despite economic uncertainties, the company plans to invest for future growth, enhance consumer experience, and execute share buybacks.

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Destination XL Group's share fell sharply in Friday premarket trading after the company reported a sharp decline in sales and earnings during what it said was a challenging third quarter. The specialty retailer of big and tall men's clothing and shoes said traffic through its stores slowed during the quarter, with customers spending less due to the economy and inflationary pressures.

Destination XL shares fall as earnings decline during “challenging” 3Q

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DXL is a major player in the men's big and tall clothing business, with a wide selection and exclusive partnerships. The company has a strong management team that successfully turned the business around during the pandemic. DXL has a growth plan to increase brand awareness and expand its reach in the $23 billion big and tall men's apparel market.

Destination XL Group: An Undervalued GEM In Big And Tall's Clothing Business

CANTON, Mass., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its third quarter of fiscal 2023 financial results before the market opens on Friday, November 17, 2023.

Destination XL Group, Inc. to Announce Third Quarter 2023 Financial Results on November 17, 2023

Destination XL Group, Inc. (NASDAQ:DXLG ) Q2 2023 Results Conference Call August 24, 2023 9:00 AM ET Company Participants Shelly Mokas - Vice President of SEC Financial Reporting Harvey Kanter - President and Chief Executive Officer Peter Stratton - Chief Financial Officer Conference Call Participants Michael Baker - D.A. Davidson Jeremy Hamblin - Craig-Hallum Capital Group Raphi Savitz - RYS Operator Good day and thank you for standing by.

Destination XL Group, Inc. (DXLG) Q2 2023 Earnings Call Transcript

CANTON, Mass., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce specialty retailer of Big + Tall men's clothing and shoes in the United States (the “Company”), announced that its Board of Directors (the “Board”) has entered into an amended employment agreement with Harvey S. Kanter to extend the term of his role as the Company's President and Chief Executive Officer. Mr. Kanter has served as the Company's President & CEO and as a member of its Board since April 1, 2019.

Destination XL Group, Inc. Announces Employment Contract Extension with Harvey S. Kanter to Continue as its President and Chief Executive Officer Until August 2026

CANTON, Mass., July 31, 2023 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its second quarter of fiscal 2023 financial results before the market opens on Thursday, August 24, 2023.

Destination XL Group, Inc. to Announce Second Quarter 2023 Financial Results on August 24, 2023

Destination XL Group, Inc. (NASDAQ:DXLG ) Q1 2023 Earnings Conference Call May 25, 2023 9:00 AM ET Company Participants Shelly Mokas - Investor Relations Harvey Kanter - President and Chief Executive Officer Peter Stratton - Chief Financial Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Michael Baker - D.A. Davidson Raphi Savitz - Private Investor Operator Good day and thank you for standing by.

Destination XL Group, Inc. (DXLG) Q1 2023 Earnings Call Transcript

CANTON, Mass., May 04, 2023 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, announced today it will release its first quarter of fiscal 2023 financial results before the market opens on Thursday, May 25, 2023.

Destination XL Group, Inc. to Announce First Quarter 2023 Financial Results on May 25, 2023

Destination XL Group, Inc. (NASDAQ:DXLG ) Q4 2022 Earnings Conference Call March 16, 2023 9:00 AM ET Company Participants Shelly Mokas - VP, SEC and Financial Reporting Harvey Kanter - President and CEO Peter Stratton - CFO Conference Call Participants Jeremy Hamblin - Craig Hallum Mike Baker - D.A. Davidson Operator Good day and thank you for standing by.

Destination XL Group, Inc. (DXLG) Q4 2022 Earnings Call Transcript

Reports Second Year of Record Annual Sales with Comparable Sales Growth of 10.9%; Full-Year Sales of $545.8 million, Net Income of $89.1 million, $1.33 EPS, Adjusted EBITDA of $73.8 million Reports Second Year of Record Annual Sales with Comparable Sales Growth of 10.9%; Full-Year Sales of $545.8 million, Net Income of $89.1 million, $1.33 EPS, Adjusted EBITDA of $73.8 million

Destination XL Group, Inc. Reports Fiscal 2022 Fourth Quarter and Full-Year Financial Results

Campaign Aims at Giving Big + Tall Men the Freedom to Choose Their Own Style Campaign Aims at Giving Big + Tall Men the Freedom to Choose Their Own Style

DXL Launches New “Wear What You Want℠” Brand Positioning

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Company to Webcast Conference Call Live at 9:00 a.m. ET Company to Webcast Conference Call Live at 9:00 a.m. ET

Destination XL Group, Inc. to Announce Fourth Quarter and Fiscal 2022 Financial Results on March 16, 2023

CANTON, Mass., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of men's Big + Tall clothing and shoes, announced today that Dara Pauker joined the organization as Chief Operating Officer on January 27, 2023. Ms. Pauker brings over 20 years of strategy and leadership experience, with a particular emphasis on growth initiatives, and has been working with the Company on a long-range strategic growth plan as a consultant since December, 2021. Reporting to Ms. Pauker will be the Chief Stores Officer, Chief Merchandising Officer, SVP Global Sourcing, and SVP Technology.

Destination XL Group, Inc. Names Dara Pauker Chief Operating Officer

Updates 2022 Full Year Sales Guidance to Upper Half of Range and Announces New Exclusive Merchandise Brands Updates 2022 Full Year Sales Guidance to Upper Half of Range and Announces New Exclusive Merchandise Brands

Destination XL Group, Inc. Reports Holiday Sales Results

Destination XL Group has performed remarkably well in recent quarters, with management increasing guidance for its 2022 fiscal year. This follows a period of weak guidance that had shares depressed as investors feared profit deterioration.

Destination XL Group: A Significant Revision In Expectations

Destination XL Group is on its way to its second consecutive profitable year after experiencing nearly a decade of back-to-back losses. It has recently released its Q3 financial results. We see sales growth, a strong inventory position for Q4 and an EPS of $1.16 per share, beating expectations by $0.09.

Destination XL Group: Taller And Bigger Sales Numbers

Destination XL Group, Inc. (NASDAQ:DXLG ) Q3 2022 Results Conference Call November 17, 2022 9:00 AM ET Company Participants Shelly Mokas - VP, SEC and Financial Reporting Harvey Kanter - President and CEO Peter Stratton - CFO Conference Call Participants Mike Baker - D.A. Davidson Jeremy Hamblin - Craig Hallum Operator Good day, ladies and gentlemen, and welcome to the Destination XL Group Incorporated, Third Quarter Fiscal 2022 Financial Results Conference Call.

Destination XL Group, Inc. (DXLG) Q3 2022 Earnings Call Transcript

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Destination XL Group, Inc. to Announce Third Quarter 2022 Financial Results on November 17, 2022

CANTON, Mass., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading omni-channel specialty retailer of men's Big + Tall clothing and shoes, announced that Jonathan Sainsbury is joining its team as Chief Digital and Analytics Officer today. Mr. Sainsbury brings 20 years of marketing experience, specifically as it relates to performance marketing, analytics and strategic planning. Mr. Sainsbury spent over 17 years with Blue Nile, an online retailer of fine jewelry, where he was most recently their Chief Strategy Officer and President of International. Prior to that, he held a number of leadership positions, including as Chief Revenue Officer, Vice President and Head of Strategy and Vice President of Marketing. Prior to Blue Nile, Mr. Sainsbury was an associate consultant with the management consulting firm Bain & Company. Most recently, Mr. Sainsbury has led his own consulting business focused on digital growth strategy, with clients spanning direct-to-consumer retail, omni-channel retail and enterprise technology. At DXL, he will be responsible for all digital initiatives across the organization, including building the brand digitally, driving traffic to stores, digital and mobile commerce, the Company's overarching digital marketing strategy and analytics practice, reporting to the Company's Chief Marketing Officer. Mr. Sainsbury holds a Bachelor of Arts in physics from Pomona College.

Destination XL Group, Inc. Names Jonathan Sainsbury Chief Digital and Analytics Officer

CANTON, Mass., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading omni-channel specialty retailer of men's Big + Tall clothing and shoes, announced today that James Reath will join its team as Chief Marketing Officer on September 26, 2022.   Mr. Reath brings over 20 years of marketing leadership experience with a particular focus on omni-retail, digital marketing, brand building and consumer insights.  Prior to joining DXL, Mr. Reath served as SVP, Marketing, Bed Bath & Beyond, and SVP, Marketing, Macy's, Inc. Prior to that, Mr. Reath was EVP, Head of Retail at BBDO (New York), a partner at McKinney, Chief Marketing Officer at Young & Rubicam and he previously held Senior Agency Leadership roles focusing on retail clients. At DXL he will be responsible for the marketing organization, including the overall marketing strategy, brand, consumer, creative, media, CRM and digital commerce. Mr. Reath has a Management Certificate from Northwestern University's Kellogg School of Management, a BA from Western University of London, Ontario, Canada and he serves on the Board of Directors of the American Red Cross.

Destination XL Group, Inc. Names James Reath Chief Marketing Officer

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