Quarterly ResultJun 3, 2026, 04:31 PM
Destination XL Q1 Sales $103.3M; Net Loss $(5.9)M, EPS $(0.11)
AI Summary
Destination XL Group reported a net loss of $(5.9) million, or $(0.11) per share, for the first quarter of fiscal 2026, a significant increase from the $(1.9) million net loss in the prior year. Sales decreased by 2.1% to $103.3 million. The company's cash and cash equivalents declined to $11.1 million from $23.8 million at the end of fiscal 2025, though net cash used in operating activities improved.
Key Highlights
- Q1 Sales decreased 2.1% to $103.3 million from $105.5 million year-over-year.
- Net loss for Q1 increased to $(5.9) million from $(1.9) million in the prior year.
- Diluted EPS was $(0.11) for Q1, compared to $(0.04) in the same period last year.
- Cash and cash equivalents decreased to $11.1 million from $23.8 million at fiscal year-end.
- Net cash used for operating activities improved to $(8.8) million from $(12.0) million.
- Unused availability under the Credit Facility was $70.0 million as of May 2, 2026.
- Recognized a $1.4 million gain from early termination of a store lease agreement.
Price Impact
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