---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-025347"
form_type: "8-K"
ticker: "DXLG"
cik: "0000813298"
company_name: "DESTINATION XL GROUP, INC."
filed_at: "2022-11-17T23:59:59+00:00"
generated_at: "2026-06-21T17:04:16.087115+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-025347
- form_type: 8-K
- ticker: DXLG
- cik: 0000813298
- company_name: DESTINATION XL GROUP, INC.
- filed_at: 2022-11-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813298/000095017022025347/0000950170-22-025347-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813298/000095017022025347/dxlg-20221117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025347
- JSON: https://secwatch.observer/filing/0000950170-22-025347.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025347.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/813298/000095017022025347/0000950170-22-025347-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/813298/000095017022025347/0000950170-22-025347-index.htm

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