Destination XL Group Q2 2024 GAAP EPS $0.04 Misses $0.09 Estimate, Sales $124.82M Miss $132.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Destination XL Group reported Q2 2024 earnings per share of $0.04, missing the analyst estimate of $0.09. Sales were $124.82 million, below the expected $132.95 million, and down 10.87% from the previous year.
August 29, 2024 | 11:03 am
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NEGATIVE IMPACT
Destination XL Group's Q2 2024 earnings and sales both missed analyst estimates, with EPS at $0.04 versus $0.09 expected and sales at $124.82M versus $132.95M expected. This represents a significant decline in performance compared to the previous year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, suggests a negative short-term impact on DXLG's stock price. Investors may react negatively to the underperformance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100