earnings
confidence high
sentiment negative
materiality 0.55
DXLG holiday sales fall 7.5% to $94.7M; cuts FY2024 sales and EBITDA guidance
DESTINATION XL GROUP, INC.
- 9-week holiday sales $94.7M vs $102.4M last year; comparable sales down 7.4%.
- Store comps -6.2%, direct business -10.0%; November sales down 11.8%.
- FY2024 sales guidance lowered to $467-470M from $470M; adjusted EBITDA margin 4.2-4.5% vs prior 4.5%.
- CEO cites late Thanksgiving, price-conscious consumers, and slower start to Q4.
- Full Q4 and FY2024 results to be reported March 20, 2025.