Destination XL Group Q3 Adj. EPS $0.07, Inline, Sales $119.19M Miss $120.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Destination XL Group (NASDAQ:DXLG) reported Q3 adjusted EPS of $0.07, meeting analyst estimates but marking a 56.25% decrease from the previous year. Sales were $119.19M, missing estimates by 1.29% and showing an 8.08% decrease from the previous year.

November 17, 2023 | 12:04 pm
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Destination XL Group's Q3 earnings matched expectations, but showed a significant decrease from last year, and sales fell short of estimates.
The in-line EPS indicates that the company's profitability is as expected, which could be seen as neutral. However, the significant year-over-year decrease in EPS and the sales miss are likely to be viewed negatively by investors, potentially leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100