earnings
confidence high
sentiment positive
materiality 0.65
Destination XL holiday sales up 7.5%, guidance raised to upper half of $540-545M range
DESTINATION XL GROUP, INC.
- Total holiday sales $111.7M (9 weeks), comp sales +7.5% (stores +8.9%, direct +4.9%).
- FY 2022 sales guidance raised to $540-545M, upper half of prior $535-545M range.
- Adjusted EBITDA margin forecast unchanged at 12.5%-13.5%.
- New exclusive brands Life is Good and Original Penguin Golf launching Spring 2023.
- Fourth-quarter/full-year earnings call scheduled for March 16, 2023.