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Destination XL profit misses consensus by 43.3% in fiscal Q4

Destination XL Group Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to $910,630.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 0.9%.

Total revenue totaled $119.6 million, and total operating expenses came to $117.3 million.

Reported net income totaled $1.5 million, or 3 cents per share.

For the year, the company's normalized net income totaled a loss of 4 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 13 cents.

EPS was a loss of 17 cents in the prior year.

Normalized net income was a loss of $1.8 million, compared with a loss of $8.2 million in the prior year.

Full-year total revenue increased 7.1% on an annual basis to $414.0 million from $386.5 million, and total operating expenses increased year over year to $414.7 million from $398.5 million.

The company said reported net income came to a loss of $11.2 million, or a loss of 23 cents per share, in the full year, compared with a loss of $60.1 million, or a loss of $1.24 per share, the prior year.