Destination XL Group Q4 Adj. EPS $0.10 Beats $0.06 Estimate, Sales $137.14M Miss $138.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Destination XL Group (DXLG) reported Q4 adjusted EPS of $0.10, surpassing the $0.06 estimate, but sales of $137.14M fell short of the $138.29M estimate. This represents a 23.08% decrease in earnings and a 4.68% decrease in sales from the same period last year.
March 21, 2024 | 11:03 am
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DXLG's Q4 earnings surpassed estimates but sales fell short, indicating mixed financial health.
While DXLG's earnings per share exceeded expectations, the miss on sales forecasts could concern investors about revenue growth. The decrease in both earnings and sales compared to the previous year might also impact investor sentiment negatively. However, the significant beat on the EPS estimate could offset some concerns, leading to a neutral short-term impact on the stock price.
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