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More on Destination XL Group's Q3

Published 11/18/2016, 07:41 AM
Updated 11/18/2016, 07:41 AM
More on Destination XL Group's Q3
  • Destination XL Group (NASDAQ:DXLG) reports comparable-store sales rose 0.9% in Q3.
  • DXL retail stores comp delivered 2.3% growth in the quarter.
  • Total transactions in DXL stores grew 1.8% Y/Y.
  • Gross margin rate down 60 bps to 44.4%.
  • Merchandise margins slipped 30 bps Y/Y due to a shift in the timing of clearance markdowns.
  • SG&A expense rate improved 200 bps to 40.6% due to decreases in advertising costs and incentive accruals.
  • EBITDA up 57% to $3.9M.
  • Inventories -3.8% to $128.2M.
  • Store count -2 Y/Y to 352.
  • FY2016 Guidance: Total sales: $451M to $457M; Total comp sales: +1% to +2%; Gross margin rate: ~46%; EBITDA: $30M to $33M; GAAP EPS:-$0.09 to $0; Non-GAAP EPS: -$0.05 to $0; Capex: ~$30M; Store count: 341.


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