---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-024058"
form_type: "8-K"
ticker: "DXLG"
cik: "0000813298"
company_name: "DESTINATION XL GROUP, INC."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T15:17:49.472888+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# DXLG Q1 sales $125.4M, net income $7.0M ($0.11 EPS); comp sales +0.6%

## Summary
- Total sales $125.4M, down 1.7% YoY; comparable sales up 0.6% (stores +1.5%, direct -1.6%).
- Net income $7.0M ($0.11 diluted EPS) vs $13.4M ($0.20) in Q1 2022; adjusted EBITDA $12.6M (10.1% of sales).
- Gross margin 48.6%, down 140 bps YoY; expects FY gross margin ~100 bps lower than FY22.
- Cash and investments $46.0M, no debt; $93.8M available under credit facility; inventory 11% below pre-pandemic.
- Confirms lower end of fiscal 2023 guidance; Q1 started strong but slowed in March/April.

## SEC filing metadata
- accession: 0000950170-23-024058
- form_type: 8-K
- ticker: DXLG
- cik: 0000813298
- company_name: DESTINATION XL GROUP, INC.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813298/000095017023024058/0000950170-23-024058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813298/000095017023024058/dxlg-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-024058
- JSON: https://secwatch.observer/filing/0000950170-23-024058.json
- Plain text: https://secwatch.observer/filing/0000950170-23-024058.txt

## Key facts
- Earnings Releases
  DESTINATION XL GROUP, INC. reported the first quarter of fiscal 2023 results: revenue $125.4 million, EPS $0.11 per diluted share. Guidance reaffirmed.
  - Period: the first quarter of fiscal 2023
  - Revenue: $125.4 million
  - EPS: $0.11 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: quarter of fiscal 2023, and provided an update on sales and earnings guidance for the fiscal year. First Quarter Financial Highlights • Total sales for the first quarter were $125.4 million, down 1.7% from $127.7 million in the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 increased 0.6% as compared to the first quarter of
  evidence_url: https://www.sec.gov/Archives/edgar/data/813298/000095017023024058/0000950170-23-024058-index.htm

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