US’ Destination XL Q3 sales fall 9.8% YoY, comparable sales drop 11.3%

Destination XL Group (DXLG) has reported sales of $107.5 million in Q3 FY24, down 9.8 per cent YoY, with an 11.3 per cent drop in comparable sales.
Net loss of the company was $1.8 million ($0.03/share) versus $4.0 million net income ($0.06/share) in Q3 FY23.
It expects FY25 sales of $470 million, EBITDA at 4.5 per cent, and gross margins down 130-180 bps YoY.