Destination XL Q3 sales up 6.7% to $129.7M, comps up 8.7%; raises FY22 guidance

DESTINATION XL GROUP, INC.

2022-Q3 EPS reported $1.20 revenue$401,960,000

Total sales $129.7M (+6.7% YoY); comparable sales +8.7% (stores +10.1%, direct +5.5%).
Net income $10.5M ($0.16 diluted EPS) vs $13.7M ($0.20) last year; adjusted EBITDA $16.4M.
Raised FY22 sales guidance to $535-545M (from $520-540M); adj EBITDA margin guidance 12.5%-13.5%.
No outstanding debt; cash $23.5M; availability under credit facility $90.2M.
Gross margin 50.0% (down 20 bps); SG&A increased to 37.3% of sales due to marketing and payroll investments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DESTINATION XL GROUP, INC. reported fiscal 2022 results: revenue $535.0 to $545.0 million. Guidance raised.

Period: fiscal 2022
Revenue: $535.0 to $545.0 million
Guidance: raised
Result: guidance update

Exact text from the filing

Given our year-to-date performance and the outperformance of sales in the third quarter, we have raised our 1 sales guidance for fiscal 2022 to a range of $535.0 to $545.0 million, from our previous guidance of $520.0 to $540.0 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DESTINATION XL GROUP, INC. reported third quarter of fiscal 2022 results: revenue $129.7 million, net income $10.5 million, EPS $0.16 per diluted share. Guidance raised.

Period: third quarter of fiscal 2022
Revenue: $129.7 million
Net income: $10.5 million
EPS: $0.16 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Total sales for the third quarter were $129.7 million, up 6.7% from $121.5 million in the third quarter of fiscal 2021. Comparable sales for the third quarter of fiscal 2022 increased 8.7% as compared to the third quarter of fiscal 2021. • Net income for the third quarter was $10.5 million, or $0.16 per diluted share as compared to net income of $13.7 million, or $0.20 per diluted share, in the third quarter of fiscal 2021.

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Source: SEC EDGAR

accession 0000950170-22-025347

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