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Destination XL Group, Inc. Reports Second Quarter Financial Results
Sales of $111.6 million, Net Income of $0.04 per diluted share, Adjusted Net Income of $0.05 per diluted share
CANTON, Mass., Sept. 09, 2026 (GLOBE NEWSWIRE) — Destination XL Group, Inc. (NASDAQ: DXLG)(“DXL” or the “Company”), the leading integrated-commerce specialty retailer of Big + Tall men’s clothing and footwear, today reported operating results for the second quarter of fiscal 2026.
Second Quarter Financial Highlights
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Total sales for the second quarter were $111.6 million, down 3.4% from $115.5 million in the second quarter of fiscal 2025. Comparable sales for the second quarter of fiscal 2026 decreased 3.5% as compared to the second quarter of fiscal 2025.
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Net income for the second quarter was $2.0 million, or $0.04 per diluted share, as compared to a net loss of $(0.3) million, or $0.00 per diluted share, for the second quarter of fiscal 2025. Net income for the second quarter of fiscal 2026 includes a refund for tariffs of $4.6 million.
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Adjusted net income (a non-GAAP measure) for the second quarter was $0.05 per diluted share as compared to an adjusted net income of $0.01 per diluted share for the second quarter of fiscal 2025.
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Adjusted EBITDA (a non-GAAP measure) for the second quarter was $7.7 million as compared to $4.7 million for the second quarter of fiscal 2025.
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Total cash and investments were $20.1 million at August 1, 2026, as compared to $33.5 million at August 2, 2025, with no outstanding debt for either period.
“DXL’s singular commitment to serving the Big + Tall customer has allowed us to establish a differentiated leadership position in an underserved market that represents meaningful opportunities for future growth. We have a strong brand, loyal customer base and a clear understanding of our customers’ priorities. As we navigate a dynamic consumer environment, our team is focused on delivering the right product and value, deepening our engagement with customers across channels and operating the business with greater discipline,” said Lionel F. Conacher, Chairman and Interim Chief Executive Officer.
“Our second quarter results show encouraging sequential improvement in comparable sales trends and continued progress on the actions we are taking to strengthen the business. Comparable sales improved from down 5.7% in May, to down 2.8% in June, and down 1.9% in July, even as traffic remained under pressure across stores and digital. While there is more work ahead, we remain confident that our disciplined operating approach and focus on execution will position us to drive continued performance improvements over the remainder of the year,” Mr. Conacher concluded.
