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Destination XL (DXLG)
NASDAQ:DXLG
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.03Last Year’s EPS
$0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 22, 2024
|% Change Since: 8.14%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view with notable achievements in brand collaborations and inventory management, yet faced significant challenges with declining sales and economic headwinds. While the company is making strategic moves to expand its physical presence and improve brand awareness, the current economic environment and declining traffic are impacting performance.Company Guidance
During the Destination XL Group's third-quarter 2023 earnings call, the company provided several key metrics and forward-looking statements. Sales for the third quarter were $119.2 million, representing a 6.7% decline compared to the previous year, with store sales down 8.1% and direct business sales down 3.2%. The gross margin rate was 47.5%, a decrease from 50% in the prior year, while SG&A expenses were 40.2% of sales, slightly up from 37.3% last year. The company ended the quarter with over $60 million in cash and no debt, and inventory levels were down 6.5% from the previous year. For the full fiscal year 2023, DXL expects sales between $520 million and $530 million and an adjusted EBITDA margin of 10% to 11%. The company also announced a share repurchase program increase to $25 million and plans to open 10 new stores in 2024, focusing on driving traffic and executing fundamentals despite current economic headwinds.Solid Balance Sheet and Cash Position
The company ended Q3 with over $60 million in cash, no debt, and over $150 million in stockholder equity, providing flexibility for strategic investments.
Inventory Management Success
Inventory levels are down 6.5% from last year and nearly 17% from 2019, with improved turnover rates from 1.3x pre-pandemic to 2x today.
Successful Collaborations with Iconic Brands
Collaborations with UNTUCKit, Faherty, and Hugo Boss have surpassed expectations, boosting brand positioning and market leadership in the Big + Tall segment.
Store Development and Expansion
The first new DXL store since 2018 opened in Queens, NY, with plans for additional openings in Cincinnati, Ohio, and Pasadena, Los Angeles, indicating strategic growth through physical presence.
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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
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DXLG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Mar 21, 2024 | $3.59 | $3.30 | -8.08% |
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.
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FAQ
When does Destination XL (DXLG) report earnings?
Destination XL (DXLG) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Destination XL (DXLG) earnings time?
Destination XL (DXLG) earnings time is at Mar 20, 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 2024 (Q4) is $0.03.
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