Destination XL Group, Inc. Reports First Quarter Financial Results
CANTON, Mass., May 30, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated-commerce specialty retailer of Big + Tall men’s clothing and shoes, today reported operating results for the first quarter of fiscal 2024, and updated sales and earnings guidance for the fiscal year.
- Total sales for the first quarter were $115.5 million, down 7.9% from $125.4 million in the first quarter of fiscal 2023.
- Comparable sales for the first quarter of fiscal 2024 decreased 11.3% as compared to the first quarter of fiscal 2023.
- “We expected fiscal 2024 to be challenging, but our first quarter sales results were disappointing.
- Adjusted EBITDA, a non-GAAP measure, for the first quarter of fiscal 2024 was $8.2 million, as compared to $12.6 million for the first quarter of fiscal 2023.