trending Market Intelligence /marketintelligence/en/news-insights/trending/RewlKVRVLtg-N5xbB7KsqA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Destination XL swings to loss in fiscal Q1

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Corporate Credit Risk Trends in Developing Markets: A Probability of Default Perspective


Destination XL swings to loss in fiscal Q1

Destination XL Group Inc. said its normalized net income for the fiscal first quarter ended May 3 was a loss of 4 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 2 cents per share.

The per-share result swung to a loss from the prior-year profit of 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.2 million, compared with income of $1.1 million in the prior-year period.

The normalized profit margin fell to negative 2.2% from 1.2% in the year-earlier period.

Total revenue rose on an annual basis to $96.8 million from $94.0 million, and total operating expenses climbed 8.6% year over year to $99.8 million from $92.0 million.

Reported net income totaled a loss of $3.4 million, or a loss of 7 cents per share, compared to income of $971,740, or 2 cents per share, in the prior-year period.