---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-101579"
form_type: "8-K"
ticker: "DXLG"
cik: "0000813298"
company_name: "DESTINATION XL GROUP, INC."
filed_at: "2024-08-29T23:59:59+00:00"
generated_at: "2026-05-31T07:05:00.390816+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DXLG Q2 sales down 10.9% to $124.8M; EPS $0.04; cuts full-year guidance

## Summary
- Net income of $0.04 per diluted share vs $0.18 in Q2 FY23; Adjusted EBITDA $6.5M vs $22.9M.
- Comparable sales decreased 10.9%; stores down 10.0%, direct down 12.8%.
- Gross margin rate fell 210 bps to 48.2% on occupancy deleverage; merchandise margin flat.
- Full-year gross margin expected 60-110 bps lower than FY23; marketing costs guided to ~7% of sales.
- Slowing new store openings in FY25 from 15 to 10; prioritizing balance sheet and free cash flow.

## SEC filing metadata
- accession: 0000950170-24-101579
- form_type: 8-K
- ticker: DXLG
- cik: 0000813298
- company_name: DESTINATION XL GROUP, INC.
- filed_at: 2024-08-29T23:59:59+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/813298/000095017024101579/0000950170-24-101579-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813298/000095017024101579/dxlg-20240829.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-101579
- JSON: https://secwatch.observer/filing/0000950170-24-101579.json
- Plain text: https://secwatch.observer/filing/0000950170-24-101579.txt

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