Destination XL Group Full Year 2024 Earnings: EPS Beats Expectations

Destination XL Group Full Year 2024 Earnings: EPS Beats Expectations

Destination XL Group (NASDAQ:DXLG) Full Year 2024 Results

Key Financial Results

  • Revenue: US$521.8m (down 4.4% from FY 2023).

  • Net income: US$27.9m (down 69% from FY 2023).

  • Profit margin: 5.3% (down from 16% in FY 2023). The decrease in margin was primarily driven by higher expenses.

  • EPS: US$0.46 (down from US$1.42 in FY 2023).

DXLG Sales Performance

Destination XL Group Full Year 2024 Earnings: EPS Beats ExpectationsDestination XL Group Full Year 2024 Earnings: EPS Beats Expectations

earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Destination XL Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company’s shares are down 11% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we’ve spotted with Destination XL Group.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Destination XL Group (NASDAQ:DXLG) Full Year 2024 Results Key Financial Results Revenue: US$521.8m (down 4.4% from FY 2023). Net income: US$27.9m (down 69% from FY 2023). Profit margin: 5.3% (down from 16% in FY 2023). The decrease in margin was primarily driven by higher expenses. EPS: US$0.46 (down from US$1.42 in FY 2023). DXLG Sales…

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