Destination XL Group raises FY sales forecast, shares jump

Destination XL

25/08/2022 12:47

Aug 25 (Reuters) -    ** Shares of men's apparel retailer
Destination XL Group  DXLG.O  up 17.86% at $4.96 premarket 
    ** Co raises FY net sales estimates to a range of $520
mln-$540 mln from its previous range of $510 mln-$530 mln 
    ** Reaffirms Adjusted EBITDA margin for fiscal 2022 is
expected to be greater than 10%
    ** Says Q2 sales up 4.4% to $144.6 mln on net income of
$0.85/shr
    ** Two analysts covering DXLG estimated quarterly sales of
$136.8 mln on net income of $0.17/shr 
    ** As of last close, DXLG was down ~26% YTD

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((RichardRohan.Francis@thomsonreuters.com;))