Brief: Destination Xl Group Reports Fiscal 2022 Fourth Quarter Financial Results

Destination XL

16/03/2023 11:45

March 16 (Reuters) - Destination XL Group Inc  DXLG.O :
    * DESTINATION XL GROUP, INC. REPORTS FISCAL 2022 FOURTH
QUARTER
AND FULL-YEAR FINANCIAL RESULTS
    * DESTINATION XL GROUP INC - COMPARABLE SALES FOR Q4
INCREASED
10.8% AS COMPARED TO Q4 OF FISCAL 2021
    * DESTINATION XL GROUP INC Q4 EARNINGS PER SHARE $0.13
    * DESTINATION XL GROUP - PLANNING FOR SALES IN FISCAL 2023
OF
$550.0 MILLION TO $570.0 MILLION AND ADJUSTED EBITDA MARGIN OF
12.5% TO 13.5%
    * DESTINATION XL GROUP - ON MARCH 14, BOARD AUTHORIZED A NEW
STOCK
REPURCHASE PROGRAM, EFFECTIVE MARCH 16
    * DESTINATION XL GROUP - UNDER NEW STOCK REPURCHASE PROGRAM
MAY
REPURCHASE UP TO $15.0 MILLION OF COMMON STOCK
    * DESTINATION XL GROUP INC - STOCK REPURCHASE PROGRAM WILL
EXPIRE
ON MARCH 16, 2024
    * DESTINATION XL GROUP - EXPECT TO FINANCE REPURCHASES FROM
OPERATING FUNDS AND/OR PERIODIC BORROWINGS ON CREDIT FACILITY

Source text for Eikon:  ID:nGNX57dthq 
Further company coverage:  DXLG.O 

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