DXLG Earnings Prediction
The chart below shows how DXLG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DXLG sees a +13.15% change in stock price 10 days leading up to the earnings, and a +7.03% change 10 days following the report. On the earnings day itself, the stock moves by -7.14%. This data can give you a slight idea of what to expect for the next quarter's release.
DXLG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
119.19M
-8.08%
-14.89%
Gross Margin
44.65%
-5.16%
-6.55%
Operating Margin
4.41%
-54.86%
-68.27%
Net Margin
3.37%
-58.29%
-59.45%
EPS
0.06
-62.50%
-66.67%
No Data Available
DXLG Earnings Analysis
Destination XL Group, Inc. Common Stock Corporation (DXLG.O) Earnings Conference Call
Positive
Inventory Balance Decrease: DXL's inventory balance at the end of Q3 was $89.1 million compared to $99.9 million last year, a decrease of over 10%.
Clearance Penetration Performance: Despite the weak sales demand, our clearance penetration at 9.2% remains in line with our long-term target of 10% and is down slightly from 9.7% in the third quarter of 2023.
Store Expansion Plans: We opened two more stores in the third quarter, bringing us to eight in total for 2024, with four more planned for 2025.
Share Repurchase Activity: We repurchased 3.6 million shares of our common stock for approximately $10.2 million during the quarter.
EBITDA Decline Analysis: Our adjusted EBITDA for the quarter came in at 1% of sales as compared to 7.3% in the third quarter of last year.
Negative
Net Sales Decline: Net sales for the third quarter were $107.5 million compared to $119.2 million in the third quarter of last year, reflecting an 11.3% decrease in comparable sales.
Declining Traffic Trends: The third-quarter decline was consistent with the trend we experienced in the first half of the year and continues to manifest primarily through lower traffic in our stores and lower conversion online.
Store Performance Improvement: We are seeing a little better performance in stores and worse performance in direct as compared to the second quarter.
Gross Margin Decline: Our gross margin rate declined to 45.1% for Q3 as compared to a gross margin rate of 47.5% for the third quarter of last year, a decrease of 240 basis points.
SG&A Expense Increase: Our SG&A expense as a percentage of sales increased to 44.1% as compared to 40.2% in the third quarter of last year.
DXLG FAQs
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DXLG Earning Call Sentiment
Destination XL Group, Inc. (DXLG) Q3 2024 Earnings Call Transcript
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DXLG.O
0.42%Positive
The earnings call summary presents mixed results, with a decrease in net sales and comparable sales, declining gross margins, and reduced EBITDA. Despite a share repurchase program, the negative sales guidance and consumer spending headwinds indicate ongoing challenges. The Q&A section reveals some positive aspects, like higher margins on private brands, but also highlights competitive pressures and unclear management responses. Given the downward revision in sales outlook, negative financial performance, and market challenges, the overall sentiment is negative, likely leading to a stock price drop of -2% to -8%.
