Looking Into Destination XL Group's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Destination XL Group (NASDAQ:DXLG) reported Q1 earnings of $6.97 million, a 16.26% increase from Q4, but sales dropped 12.81% to $125.44 million. The company posted a return on capital employed (ROCE) of 0.05%, indicating effective capital allocation.
May 26, 2023 | 2:54 pm
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Destination XL Group's Q1 earnings increased 16.26% to $6.97 million, but sales dropped 12.81% to $125.44 million. The company's ROCE of 0.05% indicates effective capital allocation.
Destination XL Group's Q1 earnings increased, but sales dropped. The company's ROCE of 0.05% indicates effective capital allocation, which is a positive sign for long-term returns. However, the mixed results make it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100