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Last $5.17 USD
Change Today +0.06 / 1.17%
Volume 38.4K
DXLG On Other Exchanges
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NASDAQ GS
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As of 8:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

destination xl group inc (DXLG) Key Developments

Destination XL Group, Inc. - Analyst/Investor Day

Destination XL Group, Inc. - Analyst/Investor Day

Destination XL Group, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the Fiscal Years 2015 and 2016; Announces Expansion Plans for the Fiscal Years 2015 and 2016

Destination XL Group, Inc. reported consolidated earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company's sales were $119,559,000 compared to $107,689,000 a year ago. The increase of $11.9 million in total sales was the result of an increase in sales at DXL stores of $12.0 million. On a comparable basis, total transactions in the Company’s DXL stores were up 13.9% over the prior-year fourth quarter. The Company is seeing increases in store traffic as well as improved conversion of store traffic to top-line sales, both of which contributed to an overall increase in transactions. Operating income was $2,221,000 compared to operating loss of $6,516,000 a year ago. Income from continuing operations before provision for income taxes was $1,457,000 compared to loss from continuing operations before provision for income taxes of $6,863,000 a year ago. Income from continuing operations was $1,387,000 compared to loss from continuing operations of $55,632,000 a year ago. Net income was $1,554,000 compared to net loss of $55,147,000 a year ago. Basic and diluted income from continuing operations was $0.03 compared to loss of $1.15 a year ago. Basic and diluted net income per share was $0.03 compared to loss of $1.14 a year ago. Adjusted income from continuing operations, non-GAAP basis was $0.9 million or $0.02 per diluted share compared to loss of $2.0 million or $0.04 per diluted share a year ago. Adjusted net income, non-GAAP basis was $1.0 million or $0.02 per diluted share compared to loss of $1.6 million or $0.03 per diluted share a year ago. EBITDA was $9.3 million compared to $1.3 million a year ago. EBITDA from continuing operations was $9.1 million compared to $0.8 million a year ago. The improvement was primarily driven by an increase in sales from the same quarter the prior year. For the year, the company's sales were $414,020,000 compared to $386,495,000 a year ago. The increase of $27.5 million was primarily due to an increase in sales from DXL stores of $30.7 million, partially offset by a decrease in sales from closed Casual Male XL and Rochester stores. A 13.7% increase from the 93 comparable DXL stores drove an overall comparable sales increase of 6.4% for fiscal 2014. Operating loss was $8,802,000 compared to $13,547,000 a year ago. Loss from continuing operations before provision for income taxes was $10,934,000 compared to $14,593,000 a year ago. Loss from continuing operations was $11,177,000 compared to $60,254,000 a year ago. Net loss was $12,295,000 compared to $59,786,000 a year ago. Basic and diluted loss from continuing operations was $0.23 compared to $1.24 a year ago. Basic and diluted loss per share was $0.25 compared to $1.23 a year ago. Adjusted loss from continuing operations, non-GAAP basis was $6.6 million or $0.13 per diluted share compared to $6.7 million or $0.14 per diluted share a year ago. Adjusted net loss, non-GAAP basis was $7.7 million or $0.16 per diluted share compared to $6.2 million or $0.13 per diluted share a year ago. Cash flow from operating activities was $13.8 million compared to $24.9 million a year ago. Capital expenditures was $40.9 million compared to $54.1 million a year ago. The reduction in CapEx was due in large part to the decision the company outlined at the start of the fiscal year to open approximately 40 DXL stores in 2014 versus the 51 DXL stores opened in 2013. EBITDA was $14.1 million compared to $7.8 million a year ago. EBITDA from continuing operations was $15.2 million compared to $7.3 million a year ago. For the fiscal 2015, the company expects total sales in the range of $438.0 to $443.0 million, a total comparable sales increase of approximately 5.6%, gross profit margin of approximately 45.9%, depreciation and amortization expense of approximately $28.5 million, interest expense of approximately $3.8 million, EBITDA in the range of $19.0 to $23.0 million, a net loss of $0.20 to $0.27 per diluted share, or $0.12 to $0.16 per diluted share on a non-GAAP basis. This guidance is presented on a non-GAAP basis for comparative purposes to fiscal 2014 earnings, assuming a normal tax benefit of approximately 40%. The Company expects to continue to provide a full valuation allowance against its deferred tax assets in fiscal 2015 and will not recognize any income tax benefit on its operating loss in fiscal 2015. The company expects capital expenditures, net of tenant allowances, of approximately $33.0 to $35.0 million. Total sales outlook for 2016 is approximately $470 million. EBITDA outlook for 2016 is approximately $35 million. This is a significant lift from EBITDA guidance for 2015 of $19 million to $23 million. The company expects to open 40 DXL stores in fiscal 2015 and another 30 DXL stores in fiscal 2016. By the end of fiscal 2016, the company will have opened approximately 210 new DXL stores and will have closed or converted most of its Casual Male XL stores. Following fiscal 2016, the pace of new DXL store openings will be approximately 20 per year for the next several years. The company expects to open another approximately 100 stores by the end of fiscal 2017.

Destination XL Group, Inc. to Report Q4, 2015 Results on Mar 25, 2015

Destination XL Group, Inc. announced that they will report Q4, 2015 results at 9:00 AM, Eastern Standard Time on Mar 25, 2015

Destination XL Group, Inc., Q4 2015 Earnings Call, Mar 25, 2015

Destination XL Group, Inc., Q4 2015 Earnings Call, Mar 25, 2015

Destination Xl Group, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Provides Earnings Guidance for the Full Year of 2014

Destination XL Group, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported sales of $93,640,000 against $88,682,000 a year ago. Operating loss was $5,712,000 against $6,688,000 a year ago. Loss before income taxes was $6,218,000 against $6,968,000 a year ago. Net loss was $6,281,000 against $4,063,000 a year ago. Basic and diluted loss per share was $0.13 against $0.08 a year ago. EBITDA was $4.9 million against $6.6 million a year ago. For the nine months, the company reported sales of $294,114,000 against $280,685,000 a year ago. Operating loss was $12,308,000 against $7,048,000 a year ago. Loss before income taxes was $13,676,000 against $7,747,000 a year ago. Net loss was $13,849,000 against $4,639,000 a year ago. Basic and diluted loss per share was $0.28 against $0.10 a year ago. Cash flow used in operating activities was $15.4 million against $5.5 million a year ago. Capital expenditures were $30.8 million against $38.2 million a year ago. EBITDA was $0.3 million against LBITDA of $1.8 million a year ago. For 2014, the company expects EBITDA in the range of $12.4 million to $15.6 million. Total sales are expected to be in the range of $413.0 to $418.0 million. Operating margin loss is expected to be between 2.0% to 2.8%. A net loss is expected to be $0.21 to $0.27 per diluted share, or $0.12 to $0.16 per diluted share on a non-GAAP basis. Capital expenditures, net of tenant allowances, of approximately $36.4 million, or a $7.8 million reduction from fiscal 2013.

 

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DXLG

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Valuation DXLG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 2.7x
Price/Cash Flow 24.9x
TEV/Sales 0.5x
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