Earnings summaries and quarterly performance for DESTINATION XL GROUP.
Executive leadership at DESTINATION XL GROUP.
Board of directors at DESTINATION XL GROUP.
Research analysts who have asked questions during DESTINATION XL GROUP earnings calls.
JH
Jeremy Hamblin
Craig-Hallum Capital Group LLC
6 questions for DXLG
Also covers: ARHS, ASPU, AXON +17 more
MB
Michael Baker
D.A. Davidson & Co.
4 questions for DXLG
Also covers: AAP, AMRK, AZO +18 more
KT
Keegan Tierney Cox
D.A. Davidson & Co.
2 questions for DXLG
Also covers: AMRK, BBW, SGC
William Forsberg
Craig-Hallum
2 questions for DXLG
Also covers: GENK
Bryce Butler
Rockbot
1 question for DXLG
Recent press releases and 8-K filings for DXLG.
Destination XL Group, Inc. Reports Holiday Sales and FullBeauty Merger Update
DXLG
Demand Weakening
M&A
Earnings
- For the 9-week holiday sales period ended January 3, 2026, Destination XL Group, Inc. reported total sales of $89.9 million, a decrease from $94.7 million in the comparable prior year period.
- Comparable sales for the same 9-week holiday period decreased 5.8%, with comparable sales from stores down 7.2% and the direct business down 2.8%.
- The company noted an improvement in its direct business comparable sales during the holiday period, decreasing by 2.8% compared to a 14.6% decrease through the first nine months of fiscal 2025.
- Destination XL Group, Inc. (DXLG) announced a definitive agreement on December 11, 2025, to combine with FBB Holdings I, Inc. (FullBeauty) in a merger of equals, which is expected to close in the first half of fiscal year 2026.
- The combined net sales for DXLG and FullBeauty were approximately $1.2 billion for the last twelve months ending October 2025, with combined Adjusted EBITDA of approximately $45 million, potentially reaching $70 million including expected run-rate cost synergies.
Jan 12, 2026, 9:13 PM
Destination XL Group Reports Holiday Sales and Merger Update
DXLG
Demand Weakening
M&A
Earnings
- Destination XL Group, Inc. reported total sales of $89.9 million for the 9-week holiday sales period ended January 3, 2026, a decrease from $94.7 million for the same period ended January 4, 2025.
- Comparable sales for the 9-week holiday period decreased 5.8%, which was an improvement compared to the 8.7% decrease experienced through the first nine months of fiscal 2025.
- The company announced a definitive agreement to combine with FBB Holdings I, Inc. (FullBeauty) in a merger of equals, with the transaction expected to close in the first half of fiscal year 2026.
- The combined company of DXLG and FullBeauty had net sales of approximately $1.2 billion and Adjusted EBITDA of approximately $45 million for the last twelve months ending October 2025, with potential for $70 million LTM Adjusted EBITDA including expected synergies.
Jan 12, 2026, 9:01 PM
DXLG and FullBeauty Brands Announce Merger of Equals
DXLG
M&A
CEO Change
CFO Change
- Destination XL Group (DXLG) and FullBeauty Brands have entered into a definitive agreement to combine in an all-stock merger of equals, creating a scaled, category-defining retailer for inclusive apparel.
- The combined company reported approximately $1.2 billion of combined annual net sales for the last twelve months ending October 2025 and expects $25 million in annual run-rate cost synergies by 2027.
- Following the completion of the transaction, FullBeauty shareholders will own 55% and DXL shareholders will own 45% of the combined company.
- The merger is expected to close in the first half of 2026, with Jim Fogarty (current CEO of FullBeauty) serving as CEO and Peter Stratton (current CFO of DXL) serving as CFO of the combined company.
Dec 11, 2025, 10:24 PM
Destination XL Group Announces Merger with FullBeauty and Q3 Fiscal 2025 Earnings
DXLG
M&A
Earnings
Debt Issuance
- Destination XL Group (DXL) announced a merger agreement with FullBeauty, where DXL will remain the publicly traded entity, and DXL shareholders will own 45% while FullBeauty shareholders will own 55% of the combined company. The transaction is expected to close in the first half of fiscal 2026.
- The combined entity is projected to have approximately $1.2 billion in net sales and $45 million in Adjusted EBITDA for the last 12 months ending October 2025, with an anticipated $25 million in annual run rate cost synergies by 2027, which would increase the pro forma Adjusted EBITDA to approximately $70 million.
- DXL reported net sales of $101.9 million for Q3 Fiscal 2025, a decrease from $107.5 million in the prior year, primarily due to a 7.4% decrease in comparable sales.
- For Q3 Fiscal 2025, DXL's EBITDA was a loss of $2 million, compared to earnings of $1 million in the prior year. The company finished the quarter with $27 million in cash and short-term investments and no outstanding debt.
- Post-closing, the combined company is expected to have a term loan of approximately $172 million outstanding, maturing in August 2029, which is FullBeauty's debt assumed by DXL after a $92 million paydown by FullBeauty's equity and debt holders.
Dec 11, 2025, 10:00 PM
Destination XL Group Announces Merger Agreement with FullBeauty and Q3 Fiscal 2025 Earnings
DXLG
M&A
Earnings
Debt Issuance
- Destination XL Group (DXL) announced a merger agreement with FullBeauty, with DXL shareholders owning 45% and FullBeauty shareholders 55% of the combined company.
- The combined entity is projected to have approximately $1.2 billion in net sales and $45 million in Adjusted EBITDA for the last 12 months ending October 2025.
- The merger is expected to generate $25 million in run rate annual cost synergies by 2027, which would increase the pro forma Adjusted EBITDA to approximately $70 million for the last 12 months ending October 2025.
- A term loan of approximately $172 million with a maturity of August 2029 is expected to be outstanding for the combined company post-closing, representing FullBeauty's assumed debt after a $92 million paydown by FullBeauty's equity and debt holders.
- For Q3 Fiscal 2025, DXL reported net sales of $101.9 million and an EBITDA loss of $2 million, with comparable sales decreasing by 7.4%.
Dec 11, 2025, 10:00 PM
DXL Group Announces Merger Agreement with FullBeauty and Q3 2025 Earnings
DXLG
M&A
Earnings
CEO Change
- Destination XL Group (DXL) announced a merger agreement with FullBeauty, with DXL remaining the publicly traded entity. DXL shareholders will own 45% and FullBeauty shareholders 55% of the combined company.
- The combined entity is projected to have approximately $1.2 billion in net sales and $45 million in Adjusted EBITDA for the last 12 months ending October 2025. The merger is expected to generate $25 million in annual run rate cost synergies by 2027, which would increase pro forma Adjusted EBITDA to approximately $70 million.
- Post-closing, the combined company will have a term loan outstanding of approximately $172 million with a maturity of August 2029, after a $92 million debt equitization by FullBeauty's equity and debt holders.
- For Q3 2025, DXL reported net sales of $101.9 million, a 7.4% decrease in comparable sales, a gross margin rate of 42.7%, and an EBITDA loss of $2 million. The company finished the quarter with $27 million in cash and no outstanding debt.
- The transaction is anticipated to close in the first half of fiscal 2026, with Jim Fogarty becoming CEO and Peter Stratton becoming CFO of the combined entity.
Dec 11, 2025, 10:00 PM
Destination XL Group, Inc. Reports Third Quarter Fiscal 2025 Results and Announces Merger
DXLG
Earnings
M&A
Demand Weakening
- Destination XL Group, Inc. reported Q3 fiscal 2025 sales of $101.9 million, a 5.2% decrease from the prior year, and a net loss of $(4.1) million, or $(0.08) per diluted share, compared to a net loss of $(1.8) million, or $(0.03) per diluted share, in Q3 fiscal 2024. Adjusted EBITDA for the quarter was $(2.0) million.
- The company separately announced a definitive agreement to combine with FullBeauty Brands in a merger of equals, which is expected to close in the first half of fiscal 2026.
- Management noted continued demand weakening, with customers shopping less frequently and spending less, and is pursuing strategic initiatives including shifting assortment to private brands (targeting >60% penetration in 2026 and >65% in 2027) and accelerating FiTMAP® technology rollout.
- As of November 1, 2025, Destination XL Group, Inc. held $27.0 million in cash and investments with no outstanding debt, and extended its credit facility to August 2030 with $100 million in borrowing capacity.
Dec 11, 2025, 9:49 PM
Destination XL Group Reports Q3 2025 Results and Announces Merger with FullBeauty
DXLG
Earnings
M&A
Demand Weakening
- Destination XL Group, Inc. reported total sales of $101.9 million for the third quarter of fiscal 2025, a 5.2% decrease from the prior year, leading to a net loss of $(4.1) million, or $(0.08) per diluted share.
- The company announced a definitive agreement to combine with FullBeauty Brands in a merger of equals, with the transaction expected to close in the first half of fiscal 2026.
- As of November 1, 2025, Destination XL Group held $27.0 million in cash and investments and reported no outstanding debt.
Dec 11, 2025, 9:16 PM
Destination XL Group and FullBeauty Brands Announce Merger of Equals
DXLG
M&A
CEO Change
CFO Change
- Destination XL Group (DXLG) and FullBeauty Brands have entered into a definitive agreement to combine in a merger of equals, creating a scaled, category-defining retailer for inclusive apparel.
- The combined company reported approximately $1.2 billion in net sales for the last twelve months ending October 2025, with an Adjusted EBITDA of approximately $45 million. Including $25 million in expected annual run-rate cost synergies, the pro forma Adjusted EBITDA would be approximately $70 million.
- Following the all-stock transaction, FullBeauty shareholders will own 55% and DXL shareholders will own 45% of the combined company. Jim Fogarty, current CEO of FullBeauty, will serve as CEO, and Peter Stratton, current CFO of DXL, will serve as CFO of the combined company.
- The transaction is expected to close in the first half of fiscal year 2026, subject to customary closing conditions and DXL shareholder approval.
Dec 11, 2025, 9:15 PM
Destination XL Group Reports Q2 2026 Financial Results and Strategic Shifts
DXLG
Earnings
Demand Weakening
New Projects/Investments
- Destination XL Group reported Q2 2026 net sales of $115.5 million, a decrease from the prior year, with comparable sales down 9.2%. However, comparable sales trends showed sequential improvement, from a 10.4% decline in May to a 7% decline in July, with August month-to-date results better than July.
- The company is undergoing a significant strategic shift to prioritize private brands, aiming to increase their sales penetration from the current 56.5% to over 60% in 2026 and over 65% in 2027, which is expected to drive higher profitability.
- DXLG anticipates an increase in FY 2025 inventory costs by just under $4 million due to tariffs, which they plan to offset with retail price increases and supply chain cost savings. Despite sales challenges, operating expenses are down year-over-year, and corporate headcount has decreased by 15% since the pandemic.
- Cash and short-term investments were $33.5 million at quarter-end, and year-to-date free cash flow was a use of $14.2 million. The company secured a 5-year extension of its credit facility and has paused future store openings to prioritize free cash flow generation.
Aug 28, 2025, 9:38 PM
Quarterly earnings call transcripts for DESTINATION XL GROUP.
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