---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-066252"
form_type: "8-K"
ticker: "DXLG"
cik: "0000813298"
company_name: "DESTINATION XL GROUP, INC."
filed_at: "2024-05-30T23:59:59+00:00"
generated_at: "2026-06-01T07:32:51.720531+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DXLG Q1 sales down 7.9% to $115.5M; EPS $0.06 vs $0.11; confirms lower FY guidance

## Summary
- Total sales $115.5M, down 7.9% YoY; comparable sales decreased 11.3% (store -11.4%, direct -11.0%).
- Net income $0.06 diluted EPS vs $0.11 prior year; adjusted EBITDA $8.2M (7.1% margin) vs $12.6M (10.1%).
- Completed $25M stock repurchase program; cash $53.2M, no debt outstanding.
- Investing in growth initiatives: brand campaign (May 13), store openings (2nd store May 25, six more planned), Nordstrom digital marketplace (Apr 29), new website.
- Gross margin rate 48.2% (down 40 bps); merchandise margin improved 135 bps offset by occupancy deleverage.

## SEC filing metadata
- accession: 0000950170-24-066252
- form_type: 8-K
- ticker: DXLG
- cik: 0000813298
- company_name: DESTINATION XL GROUP, INC.
- filed_at: 2024-05-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813298/000095017024066252/0000950170-24-066252-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813298/000095017024066252/dxlg-20240530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-066252
- JSON: https://secwatch.observer/filing/0000950170-24-066252.json
- Plain text: https://secwatch.observer/filing/0000950170-24-066252.txt

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