DXLG Q2 sales down 3.2%; adj EPS $0.23 vs $0.24; cuts FY guidance; announces growth plan

DESTINATION XL GROUP, INC.

2023-Q2 EPS reported $0.28 revenue$265,485,000

Q2 total sales $140.0M, down 3.2% YoY; comparable sales decreased 1.4%.
GAAP net income $0.18 per diluted share; adjusted net income $0.23 per share (vs $0.24 a year ago).
Adjusted EBITDA $22.9M (16.4% of sales), down from $25.9M (17.9%) in Q2 FY22.
FY23 guidance revised: sales $535-545M, adjusted EBITDA margin 11-12%.
Repurchased 2.2M shares for $10.8M at avg $4.81; no debt, cash & investments $62.8M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DESTINATION XL GROUP, INC. reported second quarter of fiscal 2023 results: revenue $140.0 million, net income $0.18 per diluted share, EPS $0.18 per diluted share. Guidance lowered.

Period: second quarter of fiscal 2023
Revenue: $140.0 million
Net income: $0.18 per diluted share
EPS: $0.18 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

for the second quarter of fiscal 2023, and updated sales and earnings guidance for the fiscal year. Second Quarter Financial Highlights • Total sales for the second quarter were $140.0 million, down 3.2% from $144.6 million in the second quarter of fiscal 2022. Comparable sales for the second quarter of fiscal 2023 decreased 1.4% as compared to the second quarter of

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Source: SEC EDGAR

accession 0000950170-23-044244

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