Quarterly ResultJun 3, 2026, 07:31 AM
Destination XL Group Q1 Sales Down 2.1% to $103.3M; Net Loss Widens
AI Summary
Destination XL Group, Inc. reported its first quarter fiscal 2026 results, with total sales decreasing by 2.1% to $103.3 million. The company experienced a net loss of $5.9 million, or $(0.11) per diluted share, a significant increase from the net loss of $1.9 million, or $(0.04) per diluted share, in the prior year's quarter. Adjusted EBITDA also declined to $(0.7) million from $0.2 million. The company cited macroeconomic pressures and the impact of GLP-1 medications as contributing factors to the sales decline. Additionally, transaction-related costs associated with the pending merger with FullBeauty Brands were noted.
Key Highlights
- Destination XL Group reported Q1 FY2026 sales of $103.3 million, a 2.1% decrease from $105.5 million in Q1 FY2025.
- Net loss for Q1 FY2026 was $5.9 million, or $(0.11) per diluted share, compared to a net loss of $1.9 million, or $(0.04) per diluted share, in Q1 FY2025.
- Adjusted net loss for Q1 FY2026 was $(0.06) per diluted share, versus $(0.04) per diluted share in Q1 FY2025.
- Adjusted EBITDA for Q1 FY2026 was $(0.7) million, down from $0.2 million in Q1 FY2025.
- Total cash and investments were $16.2 million at May 2, 2026, down from $29.1 million at May 3, 2025.
- Gross margin rate decreased to 44.3% in Q1 FY2026 from 45.1% in Q1 FY2025.
- Transaction-related costs were $1.2 million in Q1 FY2026, compared to $0.1 million in Q1 FY2025, primarily related to the merger with FullBeauty Brands.
Price Impact
More from DXLG