Overview
Big + Tall apparel retailer's Q3 sales fell 5.2% yr/yr
Net loss for Q3 widened to $4.1 mln from $1.8 mln last year
Merger with FullBeauty Brands expected to close in fiscal 2026
Outlook
Destination XL expects merger with FullBeauty to close in first half of fiscal 2026
Company plans to expand FiTMAP technology to 100 more stores by mid-2026
Result Drivers
CUSTOMER SPENDING - Decrease in sales attributed to lower customer spending and shift towards value-driven merchandise
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $101.90 mln | $105.15 mln (2 Analysts) |
Q3 EPS | -$0.08 | ||
Q3 Net Income | -$4.10 mln | ||
Q3 Adjusted EBITDA | -$2 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Destination XL Group Inc is $1.65, about 52.8% above its December 10 closing price of $1.08
Press Release: ID:nGNX1cDBnn
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)