earnings
confidence high
sentiment negative
materiality 0.75
DXLG Q1 sales down 2.1% YoY, net loss widens to $(0.11) per diluted share
DESTINATION XL GROUP, INC.
- Total sales $103.3M, down 2.1% YoY; comparable sales -3.8% (store -4.6%, direct -1.6%).
- Net loss $(5.9)M or $(0.11)/share vs $(1.9)M or $(0.04)/share last year; adjusted net loss $(0.06)/share.
- Adjusted EBITDA negative $(0.7)M vs positive $0.2M last year; gross margin down 80bps to 44.3%.
- Cash and investments $16.2M (no debt) vs $29.1M last year; operating cash flow improved to $(8.8)M from $(12.0)M.
- Tariff refund claim filed for ~$4.0M; estimate 100 bps impact on FY26 pre-tariff gross margin, down from prior 150 bps.