earnings
confidence high
sentiment negative
materiality 0.80
DXLG Q3 sales fall 9.8% to $107.5M, posts net loss $0.03/sh, lowers FY guidance
DESTINATION XL GROUP, INC.
2024-Q3 EPS reported
$0.07
revenue$347,812,000
- Sales $107.5M (-9.8% YoY); comparable sales -11.3%; net loss $(0.03)/sh vs net income $0.06/sh last year.
- Adjusted EBITDA $1.0M (1.0% of sales), down from $8.6M (7.3%) in Q3 2023.
- Company lowers FY guidance; pauses brand campaign, slows new store openings to 8 in FY2025 from prior 10.
- Repurchased 3.6M shares for $10.2M at avg $2.85 under a new $15M buyback program.
- Cash $43.0M with no outstanding debt; free cash flow $(7.0)M YTD vs $22.7M prior year.