Edition:
India

Destination XL Group Inc (DXLG.OQ)

DXLG.OQ on NASDAQ Stock Exchange Global Select Market

2.10USD
15 Dec 2017
Change (% chg)

$-0.10 (-4.55%)
Prev Close
$2.20
Open
$2.25
Day's High
$2.25
Day's Low
$2.10
Volume
46,654
Avg. Vol
26,732
52-wk High
$4.43
52-wk Low
$1.50

Latest Key Developments (Source: Significant Developments)

Destination XL Group reports Q3 adjusted loss per share $0.07
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Destination Xl Group Inc :Destination XL Group, Inc. reports third quarter financial results.Q3 loss per share $0.12.Q3 sales rose 1.8 percent to $103.7 million.Q3 same store sales fell 0.1 percent.Q3 adjusted loss per share $0.07.Destination XL Group Inc sees ‍fiscal 2017 total sales are expected to range from $466.0 million to $470.0 million​.Destination XL Group Inc sees ‍fiscal 2017 comparable sales being flat to an increase of 2.0%​.Destination XL Group Inc sees ‍fiscal 2017 capital expenditures of approximately $22.0 million​.Destination XL Group Inc sees ‍ fiscal 2017 gross margin rate of approximately 45.0% to 45.5%​.Sees FY 2017 adjusted non-GAAP loss per share $0.21 to $0.25.Destination -‍ unseasonably warm weather, disruption from hurricanes Irma, Harvey, no incremental marketing support all led to 5% decline in store traffic​.Destination XL Group Inc - sees ‍FY 2017 net loss, on a GAAP basis, decreased from previous guidance, to $0.35 to $0.42 per diluted share​.Destination - sees ‍2017 cash flow from operating activities $31 to $35 million, resulting in free cash flow after capex for new DXL stores of $9 to $13 million​.Destination XL Group Inc - ‍inventory was $119.9 million at Oct 28, 2017 and $128.2 million at Oct 29, 2016​.Destination XL Group Inc - ‍"expect markdowns to return to a more normalized level in Q4 with a merchandise margin consistent with prior year​".  Full Article

Destination XL Group Reports Q2 2016 financial results
Thursday, 25 Aug 2016 

Destination XL Group, Inc. : Reports Second Quarter 2016 financial results . Q2 earnings per share $0.00 . Q2 sales $117.9 million versus I/B/E/S view $120.2 million . Q2 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S . Company updates sales guidance for fiscal 2016 . Sees FY 2016 total sales in range of $457.0 to $463.0 million . Sees FY 2016 total comparable sales increase in range of 2.0% to 4.0% . Sees FY 2016 net loss of $4.4 million, or $0.09 per diluted share, to breakeven . Sees FY 2016 non-GAAP basis, an adjusted net loss of $2.6 million, or $0.05 per diluted share, to breakeven . Sees capital expenditures of approximately $30.0 million in fiscal 2016 . Sees FY 2016 gross profit margin at low end of previous range of 46.2% to 46.5% . Sees borrowings at end of fiscal 2016 in range of $59.0 million to $64.0 million . Sees FY 2016 free cash flow before DXL Capital Expenditures of approximately $25.6 million to $30.6 million .FY2016 earnings per share view $-0.11, revenue view $442.2 million -- Thomson Reuters I/B/E/S.  Full Article

Destination XL Group reports Q1 earnings per share $0.00
Friday, 20 May 2016 

Destination Xl Group, Inc. : Reports first-quarter 2016 financial results . Q1 earnings per share $0.00 . Q1 sales $107.9 million versus I/B/E/S view $109.6 million . Q1 same store sales rose 2 percent . Q1 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S . "we expect sales growth to improve in Q2" . Inventory was $125.8 million at April 30, 2016, compared with $125.0 million at January 30, 2016 and $123.8 million at May 2, 2015 . Destination XL Group Inc sees FY total comparable sales increase in range of 4.8 pct to 5.5 pct . Destination XL Group Inc sees capital expenditures of approximately $30.0 million in fiscal 2016 . Current sales and earnings guidance for fiscal 2016 is still within original guidance previously provided . Destination XL Group Inc sees 2016 free cash flow before DXL capital expenditures of about $25.6 million to $30.6 million .Company has raised its FY 2016 cash flow guidance.  Full Article

BRIEF-Destination Xl Group Entered Into Letter Agreement With Prescott Group Capital Management

* DESTINATION XL GROUP - ON DEC 6, CO ENTERED INTO LETTER AGREEMENT WITH PRESCOTT GROUP CAPITAL MANAGEMENT L.L.C. & AFFILIATES & THEIR ASSOCIATES