Destination XL Group, Inc. Revises Earnings Guidance for the Fiscal Year 2023
January 08, 2024 at 07:00 am EST
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Destination XL Group, Inc. revised earnings guidance for the fiscal year 2023. For the year, Total sales for fiscal 2023 are expected to be $520.0 million to $525.0 million, or the lower half of its previous guidance of $520.0 million to $530.0 million. Net income of $0.39 to $0.43 per diluted share, as compared to its previous guidance of $0.39 to $0.46 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. 
