Destination XL Group (DXLG) Misses Q2 EPS by 6c, Miss on Revenues

Destination XL Group (NASDAQ: DXLG) reported Q2 EPS of ($0.08), $0.06 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $121.1 million versus the consensus estimate of $123.57 million.

Fiscal 2017 Second Quarter Highlights

• Total sales of $121.1 million compared to $117.9 million in the prior-year quarter including a comparable sales increase of 0.1%.
• Net loss of ($3.7) million vs. net income of $0.2 million in the prior-year quarter; includes $1.7 million non-cash store impairment charge.
• EBITDA was $6.7 million compared to $8.5 million in the prior-year quarter.
• Repurchased approximately 1.9 million shares through the end of the second quarter, completing 38% of the board authorized $12 million share repurchase program.

For earnings history and earnings-related data on Destination XL Group (DXLG) click here.

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