Highest-materiality recent filing
DXL Board recommends stockholders reject Zodiac's revised $0.84/share tender offer
Board unanimously recommends rejection of revised unsolicited tender offer at $0.84 per share.
DXL reviews revised $0.84/share unsolicited tender offer from Zodiac Partners II
Revised tender offer at $0.84 per share in cash announced June 23, 2026.
DXL Board reevaluates merger with FullBeauty, says existing terms not in stockholder interest
Board conducted comprehensive reevaluation of merger of equals with FullBeauty (FBB Holdings I, Inc.).
DXLG Q1 sales down 2.1% YoY, net loss widens to $(0.11) per diluted share
Total sales $103.3M, down 2.1% YoY; comparable sales -3.8% (store -4.6%, direct -1.6%).
Board unanimously recommends rejection of Zodiac's $0.82 per share unsolicited tender offer, calling it highly conditional and opportunistic.
DXL board reviewing Zodiac's unsolicited $0.82/sh tender offer; no action now
Zodiac Partners II made an unsolicited $0.82 per share cash tender offer on May 12, 2026.
Destination XL CEO Harvey Kanter to retire on August 11, 2026
Harvey S. Kanter's employment agreement not renewed; he will retire effective August 11, 2026.
DXLG reports Q4 loss $0.54/share; sales down 6%; merger with FullBeauty on track
Q4 net loss $29.6M ($0.54/diluted share) vs $1.3M loss last year; adjusted loss $0.10/share vs profit $0.02.
Destination XL Group receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq notice on Feb 4, 2026 for failing minimum bid price of $1.00 for 30 consecutive business days.
DXLG holiday sales $89.9M (-5.1% YoY); comps -5.8%; FullBeauty merger on track H1 2026
Total holiday sales $89.9M vs $94.7M (-5.1% YoY); comparable sales down 5.8%.
DXLG Q3 sales $101.9M (-5.2%), net loss $(0.08)/share; announces FullBeauty merger of equals
Q3 total sales $101.9M, down 5.2% vs $107.5M; comparable sales -7.4%.
Destination XL Group merges with FullBeauty Brands in all-stock deal; combined revenue ~$1.2B
DXL shareholders to own 45%, FullBeauty shareholders 55% of combined company; stock-for-stock exchange.
Destination XL Group Reports Q2 FY2025 Sales Decline and Net Loss, Extends Credit Facility
Total sales $115.5M, down 7.5% from $124.8M; comparable sales down 9.2%.
DXLG amends credit facility: revolver cut to $100M, maturity extended to Aug 2030
Revolver commitments reduced from $125M to $100M to align with lower inventory levels.
Seven directors elected with ~20.7M votes for each; ~12.8M broker non-votes.
Destination XL CMO James Reath resigns effective July 31, 2025
James Reath resigned as CMO and named executive officer effective July 31, 2025.
Destination XL extends headquarters lease through Jan 2033; annual rent ~$5.76M starting Feb 2026
Lease extended 7 years to Jan 31, 2033; base rent $479,765/month from Feb 2026, increasing 3% annually.
DXLG Q1 sales down 8.6% to $105.5M; net loss of $(0.04) per share vs income of $0.06
Comparable sales fell 9.4% YoY; store comps -6.6%, direct business -16.2%.
DXLG Q4 sales $119.2M (-13.1%), net loss $1.3M; FY sales $467M (-10.5%), EPS $0.05
Q4 total sales $119.2M (down 13.1% YoY); comparable sales -8.7%; net loss $1.3M ($0.02 loss/shr).
DXLG holiday sales fall 7.5% to $94.7M; cuts FY2024 sales and EBITDA guidance
9-week holiday sales $94.7M vs $102.4M last year; comparable sales down 7.4%.
DXLG Q3 sales fall 9.8% to $107.5M, posts net loss $0.03/sh, lowers FY guidance
Sales $107.5M (-9.8% YoY); comparable sales -11.3%; net loss $(0.03)/sh vs net income $0.06/sh last year.
Destination XL Group authorizes $15M stock buyback through Feb 2025
Board approved $15.0M stock repurchase program on September 3, 2024.
DXLG Q2 sales down 10.9% to $124.8M; EPS $0.04; cuts full-year guidance
Net income of $0.04 per diluted share vs $0.18 in Q2 FY23; Adjusted EBITDA $6.5M vs $22.9M.
DXLG stockholders approve 2016 Incentive Plan amendment, add 6.15M shares
Stockholders approved amendment to 2016 Incentive Compensation Plan, increasing authorized shares by 6,150,000.
DXLG Q1 sales down 7.9% to $115.5M; EPS $0.06 vs $0.11; confirms lower FY guidance
Total sales $115.5M, down 7.9% YoY; comparable sales decreased 11.3% (store -11.4%, direct -11.0%).
DXLG reports FY2023 sales down 4.4% to $521.8M; net income $27.9M vs $89.1M in FY2022
FY2023 net income $27.9M ($0.43 EPS) vs $89.1M ($1.33 EPS) in FY2022; adjusted EPS $0.50.
DXLG: Holiday sales down 8.7%; narrows FY2023 guidance to $520M-$525M
9-week holiday sales $102.4M vs $111.7M prior year; comp sales down 8.7%.
Destination XL Q3 sales down 8.1% to $119.2M; EPS falls to $0.06 from $0.16
Total sales $119.2M, down 8.1% YoY; comp sales down 6.7%.
The AIP amendment adds a Structured Retirement option allowing greater vesting upon retirement if succession objectives are met.
DXLG Q2 sales down 3.2%; adj EPS $0.23 vs $0.24; cuts FY guidance; announces growth plan
Q2 total sales $140.0M, down 3.2% YoY; comparable sales decreased 1.4%.
Harvey S. Kanter's employment term extended to August 11, 2026, from prior April 1, 2025.
Destination XL Group annual meeting: all seven directors elected, say-on-pay frequency set at 1 year
Harvey Kanter re-elected with 49.9M votes for (99.5% of votes cast); other directors similarly ratified with >97% support.
DXLG Q1 sales $125.4M, net income $7.0M ($0.11 EPS); comp sales +0.6%
Total sales $125.4M, down 1.7% YoY; comparable sales up 0.6% (stores +1.5%, direct -1.6%).
DXLG amends credit facility to replace LIBOR with SOFR interest rate options
First Amendment dated April 20, 2023, replaces LIBOR with SOFR (Daily Simple SOFR) as benchmark rate.
Anthony J. Gaeta named Chief Stores and Real Estate Officer effective April 16, 2023.
Destination XL COO Dara Pauker departs; receives $212,500 severance
Dara Pauker left as Chief Operating Officer on April 6, 2023.
Full-year sales $545.8M (+8.1% YoY); comparable sales +10.9%.
Destination XL Group appoints Dara Pauker as COO; $425k base salary, $150k sign-on cash, $300k RSUs
Dara Pauker appointed COO effective January 27, 2023; reports to CEO Harvey Kanter.
Destination XL holiday sales up 7.5%, guidance raised to upper half of $540-545M range
Total holiday sales $111.7M (9 weeks), comp sales +7.5% (stores +8.9%, direct +4.9%).
Destination XL Q3 sales up 6.7% to $129.7M, comps up 8.7%; raises FY22 guidance
Total sales $129.7M (+6.7% YoY); comparable sales +8.7% (stores +10.1%, direct +5.5%).
DXL appoints James Reath as CMO effective Sept 26; prior CMO Dhoot departs Oct 11
James Reath named CMO, effective Sept 26, 2022; replaces Ujjwal Dhoot who leaves Oct 11.
Destination XL Q2 sales $144.6M (+4.4% YoY); raises FY22 sales guidance to $520M-$540M
Net income $56.9M ($0.85 diluted EPS) incl. $35.5M tax valuation allowance release ($0.53/share); prior year $24.5M ($0.36).
All six director nominees elected with large majorities; highest votes against were Mesdag with 6.1M AGAINST (15% of votes cast).
Destination XL Q1 net income $13.4M, EPS $0.20; comp sales up 19.5%
Total sales $127.7M, up 14.5% YoY; comparable sales increased 19.5%.
Destination XL extends CEO Kanter's contract for three years through 2025 with amended terms
Three-year term to April 2025; base salary $850k; annual bonus target 100% of base (range 50-200%); LTIP target 170% of base.
Destination XL Group updates investor presentation; no specific new data provided in filing
Company furnished an updated investor presentation for upcoming investor meetings.
FY21 total sales $505.0M +58.3% YoY; net income $56.7M ($0.83 diluted EPS) vs net loss $(64.5M) in FY20.
Destination XL holiday sales $106.6M, raises net income and EBITDA guidance
Holiday 9-week sales $106.6M vs $78.4M prior year and $103.1M in fiscal 2019.
Destination XL appoints Carmen R. Bauza to board of directors
Appointed Carmen R. Bauza as director on Dec 17, 2021; board size increased to 7 members.
CEO Harvey Kanter adopts 10b5-1 plan to sell up to 240,000 shares; gifts 605,673 shares to trust
CEO adopted Rule 10b5-1 trading plan for sale of up to 240,000 shares from unvested PSU tranche.
Accordingly, Mr. Kanter’s Employment Agreement will expire and his employment with the Company will terminate on August 11, 2026.
named Anthony J. Gaeta its Chief Stores and Real Estate Officer, effective April 16, 2023.
On April 6, 2023, Dara Pauker, the Chief Operating Officer of Destination XL Group, Inc. (the “Company”), left the Company.
Destination XL Group, Inc. (the “Company”) appointed Dara Pauker, 47, as its Chief Operating Officer and entered into an employment agreement with Ms. Pauker effective January 27, 2023 (the “Employment Agreement”).
On September 14, 2022, Ujjwal Dhoot, the Chief Marketing Officer and a Named Executive Officer of Destination XL Group, Inc. (the “Company”), informed the Company that he is leaving the Company effective October 11, 2022, and he will assist with the transition to the Company’s newly-appointed Chief Marketing Officer.
appointed Carmen R. Bauza as a director of the Company on December 17, 2021.
Max materiality 0.85 · Median 0.65 · Most common event earnings