Destination XL Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 29, 2023
August 24, 2023 at 04:47 pm IST
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Destination XL Group, Inc. reported earnings results for the second quarter and six months ended July 29, 2023. For the second quarter, the company reported sales was USD 140.04 million compared to USD 144.63 million a year ago. Net income was USD 11.63 million compared to USD 56.94 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.91 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.85 a year ago.
For the six months, sales was USD 265.49 million compared to USD 272.29 million a year ago. Net income was USD 18.6 million compared to USD 70.33 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 1.11 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 1.04 a year ago.
Destination XL Group, Inc. is a specialty retailer of big and tall men's apparel with retail locations throughout the United States. The Company operates through the Retail segment. It operates under the trade names of Destination XL, DXL, DXL Men's Apparel, DXL outlets, Casual Male XL and Casual Male XL outlets. It operates approximately 232 DXL retail stores, 15 DXL outlet stores, 17 Casual Male XL retail stores, 19 Casual Male XL outlet stores, and a digital business. Its DXL retail stores, e-commerce site, and mobile application offers its customers merchandise to fit a variety of lifestyles from casual to business, young to mature, in all price ranges and in all large sizes from XL and up. In addition, it also offers a selection of shoes in sizes 10W to 18W on its websites. Its Casual Male XL retail stores primarily carry moderate-priced national brands and its own brands of casual sportswear and dresswear. It also operates Casual Male XL outlets and DXL outlets for its customers.
DESTINATION XL GROUP, INC. 
