BUZZ-Destination XL Group raises FY sales forecast, shares jump

BUZZ-Destination XL Group raises FY sales forecast, shares jump
Representative image Image Credit: Wikimedia Commons

** Shares of men's apparel retailer Destination XL Group up 17.86% at $4.96 premarket ** Co raises FY net sales estimates to a range of $520 mln-$540 mln from its previous range of $510 mln-$530 mln

** Reaffirms Adjusted EBITDA margin for fiscal 2022 is expected to be greater than 10% ** Says Q2 sales up 4.4% to $144.6 mln on net income of $0.85/shr

** Two analysts covering DXLG estimated quarterly sales of $136.8 mln on net income of $0.17/shr ** As of last close, DXLG was down ~26% YTD

Give Feedback

Use this form for editorial or site feedback. We usually reply within 2 to 3 working days.

By submitting, you agree that we may use your email address to respond.