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Stock impact report

Destination XL Group, Inc. Reports Fiscal 2023 Fourth Quarter and  Full-Year Financial Results

Destination XL Group, Inc. (DXLG) 
Last destination xl group, inc. earnings: 8/24 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.destinationxl.com
Company Research Source: GlobeNewswire
CANTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the largest integrated commerce specialty retailer of Big + Tall men’s clothing and shoes, today reported financial results for the fourth quarter and fiscal year 2023. Fourth Quarter Highlights Total sales for the 14-week fourth quarter were $137.1 million, down 4.7% from $143.9 million for the 13-week fourth quarter of fiscal 2022. Comparable sales for the fourth quarter decreased 10.1% as compared to the fourth quarter of fiscal 2022.Net income for the fourth quarter was $5.2 million, or $0.08 per diluted share, as compared to net income of $8.3 million, or $0.13 per diluted share, for the fourth quarter of fiscal 2022.  Results for the fourth quarter of fiscal 2023 included a pre-tax charge of $1.5 million, in connection with the termination of the frozen retirement plans.Adjusted net income (a non-GAAP measure) for the fourth quarter was $0.10 per diluted share as compared to $0.12 pe Show less Read more
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