---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-034421"
form_type: "8-K"
ticker: "DXLG"
cik: "0000813298"
company_name: "DESTINATION XL GROUP, INC."
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T10:52:59.150818+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DXLG reports FY2023 sales down 4.4% to $521.8M; net income $27.9M vs $89.1M in FY2022

## Summary
- FY2023 net income $27.9M ($0.43 EPS) vs $89.1M ($1.33 EPS) in FY2022; adjusted EPS $0.50.
- Adjusted EBITDA $55.9M vs $73.8M in FY2022; cash from ops $49.6M, free cash flow $32.2M.
- Q4 sales $137.1M (-4.7% YoY); comparable sales -10.1%; net income $5.2M ($0.08 EPS).
- Balance sheet: $60M cash and investments, no debt; plans 8 new DXL stores in FY2024, 15/year thereafter.
- FY2024 gross margin expected ~30-40 bps lower; marketing costs rising to 7.0%-7.5% of sales.

## SEC filing metadata
- accession: 0000950170-24-034421
- form_type: 8-K
- ticker: DXLG
- cik: 0000813298
- company_name: DESTINATION XL GROUP, INC.
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813298/000095017024034421/0000950170-24-034421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813298/000095017024034421/dxlg-20240321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-034421
- JSON: https://secwatch.observer/filing/0000950170-24-034421.json
- Plain text: https://secwatch.observer/filing/0000950170-24-034421.txt

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