---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-044244"
form_type: "8-K"
ticker: "DXLG"
cik: "0000813298"
company_name: "DESTINATION XL GROUP, INC."
filed_at: "2023-08-24T23:59:59+00:00"
generated_at: "2026-06-11T04:29:51.041245+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-044244
- form_type: 8-K
- ticker: DXLG
- cik: 0000813298
- company_name: DESTINATION XL GROUP, INC.
- filed_at: 2023-08-24T23:59:59+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/813298/000095017023044244/0000950170-23-044244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813298/000095017023044244/dxlg-20230824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-044244
- JSON: https://secwatch.observer/filing/0000950170-23-044244.json
- Plain text: https://secwatch.observer/filing/0000950170-23-044244.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/813298/000095017023044244/0000950170-23-044244-index.htm

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