Destination XL Group Expects Full Year Sales Of $520.0M-$530.0M Vs. 534.90M Estimate (Prior Outlook: $535.0M-$545.0M); Sees EPS Of $0.39-$0.46 Vs $0.54 Estimate (Prior View: $0.45-$0.53)
Portfolio Pulse from Benzinga Newsdesk
Destination XL Group (DXLG) has revised its full-year sales forecast to $520.0M-$530.0M, down from the previous range of $535.0M-$545.0M, and below the analyst estimate of $534.90M. The company also adjusted its EPS guidance to $0.39-$0.46, which is lower than both the prior view of $0.45-$0.53 and the analyst estimate of $0.54.
November 17, 2023 | 12:30 pm
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NEGATIVE IMPACT
Destination XL Group has lowered its full-year sales and EPS guidance, indicating potential challenges ahead that may disappoint investors.
The downward revision in both sales and EPS guidance by Destination XL Group suggests that the company may not meet market expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100