Destination XL Group shares are trading lower after the company reported worse-than-expected Q2 earnings and sales and lowered its FY24 sales outlook.
Portfolio Pulse from Benzinga Newsdesk
Destination XL Group's shares fell after the company reported disappointing Q2 earnings and sales, and lowered its FY24 sales outlook.
August 29, 2024 | 11:55 am
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Destination XL Group's shares declined due to worse-than-expected Q2 earnings and sales, along with a reduced FY24 sales outlook.
The company's shares are trading lower because it reported Q2 earnings and sales that did not meet expectations, and it also lowered its sales outlook for FY24. This negative financial performance and outlook are likely to impact investor sentiment negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100