Business
Destination XL Group, Inc. Reports Fiscal 2025 Fourth Quarter and Full-Year Financial Results
Merger with FullBeauty Brands expected to close in second quarter of Fiscal 2026 CANTON, Mass., March 19, 2026 (GLOBE NEWSWIRE) -- Destination XL Group, Inc.
About this update from Destination Xl Group, Inc.
[{"type":"text","content":"Merger with FullBeauty Brands expected to close in second quarter of Fiscal 2026\nCANTON, Mass., March 19, 2026 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the largest integrated commerce specialty retailer of Big + Tall men’s clothing and footwear, today reported financial results for the fourth quarter and fiscal year 2025, ending January 31, 2026. Fourth Quarter Highlights Total sales for the fourth quarter were $112.1 million, down 6.0% from $119.2 million for the fourth quarter of fiscal 2024. Comparable sales for the fourth quarter decreased 7.3% as compared to the fourth quarter of fiscal 2024.Net loss for the fourth quarter was $(29.6) million, or $(0.54) per diluted share, as compared to a net loss of $(1.3) million, or $(0.02) per diluted share, for the fourth quarter of fiscal 2024. Results for the fourth quarter of fiscal 2025 included a non-cash charge of $20.4 million to establish a full valuation allowance against net deferred tax assets.Adjusted net income (loss) (a non-GAAP measure) for the fourth quarter was $(0.10) per diluted share as compared to $0.02 per diluted share for the fourth quarter of fiscal 2024.Adjusted EBITDA (a non-GAAP measure) was $(1.8) million for the fourth quarter as compared to $4.2 million for the fourth quarter of fiscal 2024. Fiscal 2025 Highlights Total sales for fiscal 2025 were $435.0 million as compared to $467.0 million for fiscal 2024. Comparable sales decreased 8.4% as compared to fiscal 2024.Net income (loss) was $(35.9) million, or $(0.66) per diluted share, as compared to $3.1 million, or $0.05 per diluted share, in fiscal 2024. Results for fiscal 2025 included a non-cash charge of $20.4 million to establish a full valuation allowance against net deferred tax assets.Adjusted net income (loss) (a non-GAAP measure) was $(0.21) per diluted share for fiscal 2025 as compared to $0.07 per diluted share for fiscal 2024.Adjusted EBITDA (a non-GAAP measure) was $1.6 million as compared to $19.9 million for fiscal 2024.As of January 31, 2026, total cash and investments were $28.8 million as compared to $48.4 million at February 1, 2025, with no outstanding debt for either period. Management Comments “Our fourth quarter 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 interr...