Destination XL Group Q1 Adj EPS $0.11 Misses $0.13 Estimate, Sales $125.40M Miss $126.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Destination XL Group (NASDAQ:DXLG) reported Q1 adjusted earnings of $0.11 per share, missing the analyst consensus estimate of $0.13 by 15.38%. Sales were $125.40M, missing the estimate of $126.72M by 1.04%. This represents a 45% decrease in earnings and a 1.77% decrease in sales compared to the same period last year.
May 25, 2023 | 11:03 am
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Destination XL Group's Q1 earnings and sales missed analyst estimates, with a 45% decrease in earnings and a 1.77% decrease in sales compared to last year.
Destination XL Group's Q1 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The significant decrease in earnings (45%) and the decrease in sales (1.77%) compared to the same period last year further supports the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100