NEW YORK, NY / ACCESSWIRE / June 1, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Destination XL Group, Inc. ("Destination XL" or the "Company") (NASDAQ:DXLG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
DXLG reported disappointing Q1 results, with sales down 8% and operating income falling close to 50%. Despite the negative results, DXLG maintained gross margins and reduced SG&A while investing in stores, marketing, and a website rebuild. Management had warned of bad Q1 results in 4Q23, and FY24 guidance implies a fall of 5% in sales, so the results were not unexpected.
Destination XL Group, Inc. (NASDAQ:DXLG ) Q1 2024 Earnings Conference Call May 30, 2024 9:00 AM ET Company Participants Shelly Mokas - Vice President of SEC and Finance Reporting Harvey Kanter - President and CEO Peter Stratton - CFO Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Markets Michael Baker - D.A. Davidson Operator Good day and thank you for standing by.