DXL Reports Q4 Revenue of $112.1M, Down Year-over-Year
Reports Q4 revenue $112.1M vs. $119.2M last year. "Our Q4 comparable sales through the holiday season and into early January were down 5.8%, an improvement from the rest of the year. That momentum was interrupted by a severe Arctic weather event that impacted much of the country during the final two weeks of January, which created widespread disruption across our nearly 300 store fleet, materially pressured our quarterly results, and reduced our quarterly comparable sales. However, I am pleased to report that 2026 is off to a better start with comparable sales for the month of February down 1.3% and early March appears to be following a similar trend," said CEO Harvey Kanter. "FY25 as a whole reflects the ongoing challenges facing the big + tall retail sector...In response, we stayed disciplined. We tightly managed expenses, proactively controlled inventory, and protected margins. As a result, we exited FY25 with a clean inventory position, no debt, and approximately $28.8M in cash and investments. We believe that balance sheet strength gives us flexibility and resilience as we intend to continue to execute with discipline in a challenging environment...we remain excited about our planned merger with FullBeauty Brands and are on track to close the transaction in Q2 of FY26. This merger creates a scaled, category-defining retailer for inclusive apparel, which we expect will generate $1.2B of revenue, $25M of annual run-rate cost synergies, and meaningful commercial synergies, creating a compelling opportunity to drive long-term value for DXL shareholders".
