Destination XL reports FY2022 record sales $545.8M (+8.1% YoY), EPS $1.33; guides FY2023 sales $550-570M

DESTINATION XL GROUP, INC.

2022-FY EPS reported $1.33 revenue$545,838,000

Full-year sales $545.8M (+8.1% YoY); comparable sales +10.9%.
Net income $89.1M ($1.33 EPS) includes $0.47/share non-recurring tax benefit.
Adjusted EBITDA $73.8M vs $76.9M in FY2021; Q4 adjusted EBITDA $14.2M flat YoY.
Board authorized $15M stock repurchase program expiring March 16, 2024.
FY2023 guidance: sales $550-570M, adjusted EBITDA margin 12.5-13.5%.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DESTINATION XL GROUP, INC. reported financial results for the fourth quarter and fiscal year 2022.

Period: the fourth quarter and fiscal year 2022
Result: reported results

Exact text from the filing

On March 16, 2023, Destination XL Group, Inc. (the “Company”) issued a press release announcing the Company’s operating results for the fourth quarter and fiscal year 2022. A copy of this press release is furnished herewith as Exhibit 99.1.

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Source: SEC EDGAR

accession 0000950170-23-008305

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