Destination Xl Group, Inc. Updates Earnings Guidance for Fiscal 2021
January 10, 2022 at 06:00 pm IST
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Destination XL Group, Inc. updated earnings guidance for fiscal 2021. Total sales for fiscal 2021 are expected to be $500.0 million to $505.0 million, narrowed from previous guidance of $500.0 million to $510.0 million. Net income of $0.80 to $0.85 per diluted share, increased from previous guidance of net income of $0.72 to $0.80 per diluted share.
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. 
