---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-004007"
form_type: "8-K"
ticker: "DXLG"
cik: "0000813298"
company_name: "DESTINATION XL GROUP, INC."
filed_at: "2022-03-17T23:59:59+00:00"
generated_at: "2026-06-26T22:10:49.512859+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Destination XL reports record FY21 sales $505M, net income $56.7M, debt-free; authorizes $15M buyback

## Summary
- FY21 total sales $505.0M +58.3% YoY; net income $56.7M ($0.83 diluted EPS) vs net loss $(64.5M) in FY20.
- Adjusted EBITDA $76.9M vs $(24.2M) in FY20; free cash flow $70.3M vs $(5.5M).
- No outstanding debt at Jan 29, 2022; cash $15.5M; excess credit availability $68.9M.
- FY22 guidance: sales $510-530M, EBITDA margin >10%. Amazon wholesale partnership ended.
- Board approved $15M stock repurchase program expiring March 2023; also $1.2M discretionary cash bonus to executives.

## SEC filing metadata
- accession: 0000950170-22-004007
- form_type: 8-K
- ticker: DXLG
- cik: 0000813298
- company_name: DESTINATION XL GROUP, INC.
- filed_at: 2022-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813298/000095017022004007/0000950170-22-004007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813298/000095017022004007/dxlg-20220315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-004007
- JSON: https://secwatch.observer/filing/0000950170-22-004007.json
- Plain text: https://secwatch.observer/filing/0000950170-22-004007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.