Destination XL Group, Inc. (NASDAQ:DXLG) specialty retailer of mens apparel, is reporting second quarter earnings results on Thursday 27th August 2020, before market open.
Previous Quarter Performance
Destination XL Group, Inc. unfold loss for the first quarter of $ 0.37 per share, from the revenue of $ 57.23 million. The quarterly revenues shrunk 51.11 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.26 per share from $ 84.73 million in revenue. The bottom line results missed street analysts by $ 0.11 or 42.31 percent, at the same time, top line results fell short of analysts by $ 27.5 million or 32.46 percent.
Stock Performance
Shares of Destination XL Group, Inc. traded up $ 0.01 or 2.74 percent on Wednesday, reaching $ 0.29 with volume of 1.29 million shares. Destination XL Group, Inc. has traded high as $ 0.30 and has cracked $ 0.28 on the downward trend
The closing price of $ 0.29, representing a 27.27 % increase from the 52 week low of $ 0.22 and a 85.26 % decrease over the 52 week high of $ 1.90.
The company has a market capital of $ 14.75 million and is part of the Consumer Cyclical sector and Apparel Stores industry.
Conference Call
Destination XL Group, Inc. will be hosting a conference call at 9:00 AM eastern time on 27th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, (866) 680-2311, with passcode : 8157438 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/fybfegrk
Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall mens apparel. Its stores offer sportswear and dress wear; shoes; accessories, such as belts, ties, and socks; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing. It also provides sportswear and loungewear, jeanswear, sportcoats, dress shirts, neckwear, tailored-related separates, blazers, dress slacks, vintage-screen T-shirts and wovens, camp shirts, printed woven shirts, and relaxed island-inspired pants under various private labels.
