Destination XL Q3 sales down 8.1% to $119.2M; EPS falls to $0.06 from $0.16

DESTINATION XL GROUP, INC.

2023-Q3 EPS reported $0.35 revenue$384,673,000

Total sales $119.2M, down 8.1% YoY; comp sales down 6.7%.
Net income $0.06 per diluted share vs $0.16 last year; adjusted EBITDA $8.6M vs $16.4M.
Updated guidance: expects gross margin rate ~180 bps lower than FY2022.
Repurchased 0.8M shares for $4.0M; authorized repurchase increased to $25M from $15M.
Cash $60.4M, no debt; plans to open 2 more stores in 2023 and 10 in 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

DESTINATION XL GROUP, INC. reported third quarter of fiscal 2023 results: revenue $119.2 million, net income $0.06 per diluted share, EPS $0.06 per diluted share. Guidance reaffirmed.

Period: third quarter of fiscal 2023
Revenue: $119.2 million
Net income: $0.06 per diluted share
EPS: $0.06 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Destination XL Group, Inc. Reports Third Quarter Financial Results Sales of $119.2 million, Net Income of $0.06 per diluted share, Provides Updated Guidance

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DESTINATION XL GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-064644

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