Destination XL (DXLG)
Market Price (6/17/2026): $0.7 | Market Cap: $38.4 MilSector: Consumer Discretionary | Industry: Apparel Retail
Destination XL (DXLG)
Market Price (6/17/2026): $0.7Market Cap: $38.4 MilSector: Consumer DiscretionaryIndustry: Apparel Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail. | Weak multi-year price returns2Y Excs Rtn is -120%, 3Y Excs Rtn is -160% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.31 | Penny stockMkt Price is 0.7 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -15 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.4% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 505% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.3%, Rev Chg QQuarterly Revenue Change % is -2.1% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.7% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -107% Key risksDXLG key risks include [1] softening demand due to its core big and tall consumer's sensitivity to macroeconomic pressures and [2] heightened competition from other retailers encroaching on its established niche. |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail. |
| Weak multi-year price returns2Y Excs Rtn is -120%, 3Y Excs Rtn is -160% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.31 |
| Penny stockMkt Price is 0.7 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -15 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.4% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 505% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.3%, Rev Chg QQuarterly Revenue Change % is -2.1% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.7% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -107% |
| Key risksDXLG key risks include [1] softening demand due to its core big and tall consumer's sensitivity to macroeconomic pressures and [2] heightened competition from other retailers encroaching on its established niche. |
Qualitative Assessment
AI Analysis | Feedback
Destination XL (DXLG) stock has gained about 45% since 2/28/2026 because of the following key factors:
1. Improved operational performance and sales momentum. Destination XL (DXLG) reported an improved sales trend in early fiscal 2026 (the company's fiscal year ends on January 31), with a decrease in comparable sales narrowing to 1.3% in February. While overall comparable sales for fiscal Q1 2026 (ended May 2, 2026) were down 3.8%, this represented the "strongest quarterly comparable sales result in the past 3 years". The company's strategic initiatives, such as the implementation of FitMap technology across all 188 stores, have led to higher conversion rates and increased average order values. Additionally, private brands accounted for 65.9% of first-quarter sales, up from 65% in the prior period, indicating a successful focus on strengthening private labels to drive value.
2. Reevaluation of the FullBeauty Brands merger. On June 3, 2026, Destination XL announced that its Board of Directors reevaluated the previously planned merger with FBB Holdings I, Inc. (FullBeauty Brands). The Board expressed concerns regarding the "increasingly challenging consumer environment" and "FullBeauty's indebtedness" since the merger agreement's execution in December 2025, concluding that the existing terms were "not in the best interests of DXL stockholders." This reevaluation, and the implication that DXL may seek more favorable terms or withdraw from a potentially disadvantageous deal, was likely viewed positively by investors.
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Destination XL (DXLG) stock has gained about 45% since 2/28/2026 because of the following key factors:
1. Improved operational performance and sales momentum. Destination XL (DXLG) reported an improved sales trend in early fiscal 2026 (the company's fiscal year ends on January 31), with a decrease in comparable sales narrowing to 1.3% in February. While overall comparable sales for fiscal Q1 2026 (ended May 2, 2026) were down 3.8%, this represented the "strongest quarterly comparable sales result in the past 3 years". The company's strategic initiatives, such as the implementation of FitMap technology across all 188 stores, have led to higher conversion rates and increased average order values. Additionally, private brands accounted for 65.9% of first-quarter sales, up from 65% in the prior period, indicating a successful focus on strengthening private labels to drive value.
2. Reevaluation of the FullBeauty Brands merger. On June 3, 2026, Destination XL announced that its Board of Directors reevaluated the previously planned merger with FBB Holdings I, Inc. (FullBeauty Brands). The Board expressed concerns regarding the "increasingly challenging consumer environment" and "FullBeauty's indebtedness" since the merger agreement's execution in December 2025, concluding that the existing terms were "not in the best interests of DXL stockholders." This reevaluation, and the implication that DXL may seek more favorable terms or withdraw from a potentially disadvantageous deal, was likely viewed positively by investors.
3. Rejection of Zodiac Partners II's unsolicited tender offer. On May 26, 2026, the DXL Board of Directors unanimously recommended that shareholders reject an unsolicited tender offer of $0.82 per share from Zodiac Partners II, LLC, which was launched on May 12, 2026. The Board stated that the offer "does not reflect the Company's underlying value" and characterized it as "opportunistic, seemingly timed to deliberately exploit a period of market dislocation." This strong rejection signaled to the market the Board's belief that the company's intrinsic value was significantly higher than the offer price, contributing to upward pressure on the stock.
4. Strong financial liquidity and improved tariff outlook. Destination XL maintained a robust balance sheet with $28.8 million in cash and investments and no outstanding debt as of January 31, 2026. As of May 2, 2026, the company reported over $16 million in cash, no debt, and $70 million in credit availability, providing significant financial flexibility. Furthermore, the estimated impact of tariffs on gross margin for fiscal 2026 was reduced to approximately 100 basis points, an improvement from the prior estimate of 150 basis points, which suggested a more favorable outlook on future profitability.
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Stock Movement Drivers
Fundamental Drivers
The 43.0% change in DXLG stock from 2/28/2026 to 6/16/2026 was primarily driven by a 47.6% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.50 | 0.71 | 43.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 442 | 433 | -2.1% |
| P/S Multiple | 0.1 | 0.1 | 47.6% |
| Shares Outstanding (Mil) | 54 | 55 | -1.0% |
| Cumulative Contribution | 43.0% |
Market Drivers
2/28/2026 to 6/16/2026| Return | Correlation | |
|---|---|---|
| DXLG | 43.0% | |
| Market (SPY) | 9.7% | 35.6% |
| Sector (XLY) | 1.6% | 31.8% |
Fundamental Drivers
The -27.1% change in DXLG stock from 11/30/2025 to 6/16/2026 was primarily driven by a -23.1% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.97 | 0.71 | -27.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 448 | 433 | -3.3% |
| P/S Multiple | 0.1 | 0.1 | -23.1% |
| Shares Outstanding (Mil) | 54 | 55 | -2.0% |
| Cumulative Contribution | -27.1% |
Market Drivers
11/30/2025 to 6/16/2026| Return | Correlation | |
|---|---|---|
| DXLG | -27.1% | |
| Market (SPY) | 10.4% | 25.4% |
| Sector (XLY) | 0.6% | 21.4% |
Fundamental Drivers
The -37.2% change in DXLG stock from 5/31/2025 to 6/16/2026 was primarily driven by a -32.0% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.13 | 0.71 | -37.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 457 | 433 | -5.3% |
| P/S Multiple | 0.1 | 0.1 | -32.0% |
| Shares Outstanding (Mil) | 54 | 55 | -2.4% |
| Cumulative Contribution | -37.2% |
Market Drivers
5/31/2025 to 6/16/2026| Return | Correlation | |
|---|---|---|
| DXLG | -37.2% | |
| Market (SPY) | 28.8% | 23.9% |
| Sector (XLY) | 11.7% | 24.8% |
Fundamental Drivers
The -82.9% change in DXLG stock from 5/31/2023 to 6/16/2026 was primarily driven by a -81.2% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.16 | 0.71 | -82.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 544 | 433 | -20.4% |
| P/S Multiple | 0.5 | 0.1 | -81.2% |
| Shares Outstanding (Mil) | 63 | 55 | 14.2% |
| Cumulative Contribution | -82.9% |
Market Drivers
5/31/2023 to 6/16/2026| Return | Correlation | |
|---|---|---|
| DXLG | -82.9% | |
| Market (SPY) | 86.6% | 26.7% |
| Sector (XLY) | 60.1% | 29.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DXLG Return | 2572% | 19% | -35% | -39% | -66% | -25% | 226% |
| Peers Return | 42% | -44% | 22% | -15% | 6% | 27% | 11% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| DXLG Win Rate | 25% | 50% | 33% | 42% | 33% | 50% | |
| Peers Win Rate | 58% | 35% | 48% | 40% | 47% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DXLG Max Drawdown | -40% | -47% | -50% | -50% | -72% | -53% | |
| Peers Max Drawdown | -37% | -59% | -41% | -39% | -47% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DLTH, M, KSS, LE, PVH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/16/2026 (YTD)
How Low Can It Go
| Event | DXLG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -44.1% | -24.5% |
| % Gain to Breakeven | 78.8% | 32.4% |
| Time to Breakeven | 71 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -75.5% | -33.7% |
| % Gain to Breakeven | 308.7% | 50.9% |
| Time to Breakeven | 539 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.0% | -19.2% |
| % Gain to Breakeven | 28.1% | 23.8% |
| Time to Breakeven | 24 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -53.7% | -3.7% |
| % Gain to Breakeven | 116.0% | 3.9% |
| Time to Breakeven | 1577 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -17.6% | -12.2% |
| % Gain to Breakeven | 21.4% | 13.9% |
| Time to Breakeven | 27 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -19.6% | -6.8% |
| % Gain to Breakeven | 24.4% | 7.3% |
| Time to Breakeven | 36 days | 15 days |
In The Past
Destination XL's stock fell -44.1% during the 2022 Inflation Shock & Fed Tightening. Such a loss loss requires a 78.8% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | DXLG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -44.1% | -24.5% |
| % Gain to Breakeven | 78.8% | 32.4% |
| Time to Breakeven | 71 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -75.5% | -33.7% |
| % Gain to Breakeven | 308.7% | 50.9% |
| Time to Breakeven | 539 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.0% | -19.2% |
| % Gain to Breakeven | 28.1% | 23.8% |
| Time to Breakeven | 24 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -53.7% | -3.7% |
| % Gain to Breakeven | 116.0% | 3.9% |
| Time to Breakeven | 1577 days | 6 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.1% | -17.9% |
| % Gain to Breakeven | 26.7% | 21.8% |
| Time to Breakeven | 387 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -34.1% | -15.4% |
| % Gain to Breakeven | 51.7% | 18.2% |
| Time to Breakeven | 97 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -95.1% | -53.4% |
| % Gain to Breakeven | 1950.0% | 114.4% |
| Time to Breakeven | 644 days | 1085 days |
In The Past
Destination XL's stock fell -44.1% during the 2022 Inflation Shock & Fed Tightening. Such a loss loss requires a 78.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Destination XL (DXLG)
Destination XL Group, Inc. (DXLG) is a specialty retailer exclusively focused on big and tall men's clothing and shoes. The company operates as a unique niche player in the apparel market, catering specifically to the sizing and style needs of men who require extended sizes beyond standard offerings.
The company offers a comprehensive range of apparel, including everyday casual wear such as jeans, T-shirts, and polo shirts, alongside more formal options like dress shirts, suit separates, blazers, and neckwear. These products are sold under various established trade names, including Destination XL, DXL, DXL Men's Apparel, and Casual Male XL, many of which also feature outlet store formats, providing a diverse brand portfolio.
Destination XL serves its primary customer base of big and tall men across the United States and Canada through an extensive omnichannel presence. This includes a network of physical retail stores and outlets, complemented by a robust e-commerce platform via dxl.com, a mobile site, and a dedicated mobile app, ensuring accessibility and convenience for its specialized clientele.
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Here are a couple of analogies for Destination XL:
Think of it as the Men's Wearhouse for big and tall men.
It's like an Old Navy or Gap, but exclusively for big and tall men.
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- Men's Big & Tall Apparel: A comprehensive selection of clothing designed for big and tall men, encompassing sportswear, dresswear, casual items, and tailored separates.
- Men's Big & Tall Footwear: Shoes and other footwear specifically sized to meet the needs of big and tall men.
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Destination XL (DXLG) primarily sells its products to individuals.
The company serves the following categories of customers:
- Big and Tall Men seeking everyday casual wear: This category includes men looking for comfortable, practical, and stylish clothing for daily life, such as jeans, t-shirts, polo shirts, and casual slacks, all specifically designed to fit big and tall sizes.
- Big and Tall Men seeking professional or formal attire: This segment comprises men who require dress shirts, tailored separates, blazers, dress slacks, and neckwear for business, special events, or more formal occasions, tailored to their big and tall body types.
- Big and Tall Men seeking sportswear and specialized fashion items: This group includes men looking for athletic wear, specific fashion-forward styles, or unique items like vintage-screen T-shirts and wovens, which cater to their personal style preferences while accommodating their larger sizes.
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Harvey S. Kanter, President, Chief Executive Officer and Director
Harvey S. Kanter assumed the role of President, Chief Executive Officer, and Director of Destination XL Group on April 1, 2019, after joining as an Advisor to the Acting CEO in February 2019. He brings over 30 years of leadership experience in the retail industry. Prior to Destination XL, Mr. Kanter served as President and Chief Executive Officer of Blue Nile, Inc., an online retailer of fine jewelry, from March 2012 until June 2017. During his tenure, Blue Nile was acquired by Bain Capital in 2017. He was also CEO and President of Moosejaw Mountaineering from 2009–2012 and held various executive positions at Michaels Stores, Inc. from 2003–2008. Mr. Kanter also served as a director and compensation committee member of Potbelly Corporation from August 2015 until May 2019.
Peter H. Stratton, Jr., Executive Vice President, Chief Financial Officer and Treasurer
Peter H. Stratton, Jr. was promoted to Executive Vice President, Chief Financial Officer and Treasurer in November 2017, having previously been appointed Senior Vice President, Chief Financial Officer and Treasurer in June 2014. He joined Destination XL in June 2009 as Vice President of Finance and subsequently served as Senior Vice President of Finance, Corporate Controller, and Chief Accounting Officer since August 2009. Before joining Destination XL, Mr. Stratton was the Senior Director of Corporate Accounting at BearingPoint, Inc. from May 2007 to June 2009. His earlier career includes holding various finance and accounting leadership positions at Legal Sea Foods, Inc., Shaw's Supermarkets, Inc., and Cintas Corporation.
Anthony J. Gaeta, Chief Stores and Real Estate Officer
Anthony J. Gaeta has served as Chief Stores and Real Estate Officer since April 2023, following his role as Chief Stores Officer from March 2022. He was the Senior Vice President of Store Sales and Operations from November 2017 to March 2022. With over 25 years of retail sales management experience, Mr. Gaeta joined Destination XL in April 2010 as a Zone Vice President and was later promoted to Vice President of Store Operations and Training in November 2013. Prior to his time at Destination XL, he was a regional manager for Men's Wearhouse from September 2007 to April 2011 and a regional vice president for After Hours Formalwear from March 2006 to September 2007.
Robert S. Molloy, General Counsel and Secretary
Robert S. Molloy has been the General Counsel of Destination XL Group since February 2008 and the Secretary of the Company since May 2014. He also served as Chief Administrative Officer from May 2018 until February 2021. Before joining Destination XL, Mr. Molloy was Vice President, Assistant General Counsel at Staples, Inc.
Stacey Jones, Chief Human Resources Officer
Stacey Jones was promoted to Chief Human Resources Officer in February 2021. She previously held the positions of Vice President, Managing Director of Human Resources from May 2018 and Vice President, Human Resources Operations from April 2013 to April 2018. Ms. Jones joined Destination XL in October 2001 and has accumulated extensive experience through various roles in both Retail Operations and Human Resources within the company.
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The key risks to Destination XL Group, Inc. (DXLG) include challenging macroeconomic conditions impacting consumer spending, intense competition within the apparel market, and the potential long-term structural risk posed by the increasing use of GLP-1 weight loss drugs.
- Macroeconomic Conditions and Consumer Discretionary Spending: Destination XL faces significant risk from broader economic challenges such as inflation and high interest rates, which directly impact consumer discretionary spending on apparel. This has led to reduced sales, declines in comparable sales figures, and pressure on the company's profitability.
- Intense Competition and Market Share Erosion: The company operates in a competitive retail landscape, with increasing encroachment from off-price retailers, larger mainstream apparel companies, and direct-to-consumer brands that are expanding their big and tall offerings. This heightened competition can affect DXLG's pricing power, reduce traffic to its stores and e-commerce platforms, and potentially erode its market share.
- Potential Impact of GLP-1 Weight Loss Drugs: A long-term structural risk for Destination XL is the rise of GLP-1 weight loss drugs. As a specialty retailer catering specifically to big and tall men, a widespread adoption of these medications could potentially shrink the company's addressable market, posing a unique challenge to its business model.
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The increasing availability of big and tall men's clothing and shoes from mainstream fashion retailers and brands, both online and in physical stores, driven by a broader industry trend toward size inclusivity. This trend directly erodes Destination XL's historical niche and unique value proposition as a specialty retailer for big and tall men.
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Destination XL Group, Inc. (DXLG) operates as a specialty retailer of big and tall men's clothing and shoes primarily in the United States and Canada. The addressable markets for its main products and services are outlined below:
Big & Tall Men's Clothing Market
- The global men's plus-size (Big & Tall) market is valued at over $32 billion.
- In Canada, the broader plus-size clothing market, which includes men's big and tall apparel, is projected to grow from approximately $11.86 billion (USD 11,859.03 million) in 2023 to an estimated $17.08 billion (USD 17,080.46 million) by 2032, exhibiting a compound annual growth rate (CAGR) of 4.14% from 2024 to 2032.
Men's Footwear Market
- In the United States, the men's footwear market accounted for 40% of the total U.S. shoe and footwear market size of $95.1 billion in 2024. This indicates an approximate market size of $38.04 billion for men's footwear in the U.S. in 2024. The overall U.S. shoe and footwear market is projected to reach $125.7 billion by 2032.
- In Canada, the footwear market generated a revenue of approximately $8.58 billion (USD 8,576.4 million) in 2024 and is expected to reach approximately $10.91 billion (USD 10,906.8 million) by 2030. The men's segment holds the largest share in the Canadian footwear market.
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1. Merger with FullBeauty Brands: The recently announced merger with FullBeauty Brands, expected to close in 2025, is projected to create a larger, category-defining retailer for inclusive apparel with approximately $1.2 billion in combined annual net sales. This strategic combination aims to leverage complementary brands, channels, and capabilities across plus-size women and Big + Tall men, positioning the combined entity for accelerated growth in an underserved and fragmented market.
2. Expansion of Retail Footprint: Destination XL plans to open new DXL stores, with guidance for 10 new locations in 2024 and an additional 15-20 in 2025. The company believes there are potentially 50 or more net new store opportunities, indicating a clear strategy for physical expansion to drive revenue growth and customer acquisition.
3. Growth of Private Label Brands: A key strategic initiative is to accelerate the penetration of private label brands within its merchandise mix. The company aims to increase private brand sales to over 60% in 2026 and more than 65% by the end of 2027, which is expected to be a critical factor for future earnings due to higher gross margins associated with these products.
4. Enhanced Customer Experience and Technology: Investments in technology and customer experience are expected to drive revenue. This includes the rollout of FitMAP sizing technology to enhance the in-store experience, which was in 86 locations as of August 2025. Furthermore, improvements to the e-commerce platform and new marketing initiatives like the Fit Exchange, Heroes Discount, and loyalty programs are designed to boost customer acquisition, frequency, and average order value.
5. Strategic Partnerships and Brand Assortment Expansion: DXLG is broadening its brand portfolio through partnerships with iconic brands such as Façonnable and HUGO BOSS. Additionally, collaborations like the one with Nordstrom have shown encouraging initial sales and are slated for expanded product offerings, indicating a strategy to reach new customers and enhance product appeal.
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Share Repurchases
- Destination XL initiated a stock repurchase program in September 2024, authorizing the buyback of up to $15 million of its common stock, with an expiration date of February 1, 2025.
- In March 2023, the company announced a share repurchase program for up to $15 million, which concluded on March 16, 2024.
- Under the March 2023 program, a total of 5,416,489 shares were repurchased for $24.55 million, including $9.69 million between October 2023 and February 2024.
Share Issuance
- The number of outstanding shares for Destination XL decreased from 63.69 million in 2021 to 54.34 million by the end of 2025, indicating net share repurchases rather than issuances over this period.
Inbound Investments
- As part of the merger with FullBeauty Brands, FullBeauty holders are expected to subscribe approximately $92 million through the sale of common stock to establish the combined company's capital structure.
Capital Expenditures
- Capital expenditures amounted to approximately $14.6 million over the past year, as of August 2025, primarily for new store development.
- For fiscal year 2025, expected capital expenditures were projected to be between $17.0 million and $19.0 million, net of tenant incentives.
- The company is reducing capital expenditures for new store openings, planning 10 new stores in fiscal year 2025, a decrease from an earlier target of 15, while maintaining a long-term goal of approximately 50 net new stores over the next five years.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Destination XL Earnings Notes | 12/16/2025 | |
| With Destination XL Stock Surging, Have You Considered The Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 14.32 |
| Mkt Cap | 1.1 |
| Rev LTM | 5,152 |
| Op Inc LTM | 249 |
| FCF LTM | 305 |
| FCF 3Y Avg | 296 |
| CFO LTM | 386 |
| CFO 3Y Avg | 432 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -2.9% |
| Rev Chg 3Y Avg | -4.9% |
| Rev Chg Q | -2.1% |
| QoQ Delta Rev Chg LTM | -0.5% |
| Op Inc Chg LTM | -7.0% |
| Op Inc Chg 3Y Avg | -9.4% |
| Op Mgn LTM | 1.7% |
| Op Mgn 3Y Avg | 2.6% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 7.9% |
| CFO/Rev 3Y Avg | 5.6% |
| FCF/Rev LTM | 5.4% |
| FCF/Rev 3Y Avg | 2.0% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Sells clothing, footwear and accessories to big + tall men | 435 | 467 | 522 | ||
| Retail segment | 545 | 500 | |||
| Wholesale segment | 0 | 5 | |||
| Total | 435 | 467 | 522 | 546 | 505 |
| $ Mil | 2005 | 2004 | 2003 |
|---|---|---|---|
| Casual Male Business | 147 | 16 | 18 |
| Other Branded Outlet Business | 4 | -1 | -6 |
| Total | 150 | 15 | 12 |
| $ Mil | 2026 | 2025 | 2024 |
|---|---|---|---|
| Sells clothing, footwear and accessories to big + tall men | -36 | 3 | 28 |
| Total | -36 | 3 | 28 |
| $ Mil | 2005 |
|---|---|
| Casual Male Business | 75 |
| Total | 75 |
Price Behavior
| Market Price | $0.71 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 02/25/1992 | |
| Distance from 52W High | -55.1% | |
| 50 Days | 200 Days | |
| DMA Price | $0.66 | $0.85 |
| DMA Trend | down | up |
| Distance from DMA | 7.7% | -16.0% |
| 3M | 1YR | |
| Volatility | 90.7% | 90.7% |
| Downside Capture | 156.78 | 306.71 |
| Upside Capture | 170.96 | 168.81 |
| Correlation (SPY) | 33.2% | 24.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.06 | 1.27 | 2.84 | 2.60 | 1.96 | 1.24 |
| Up Beta | 2.51 | 2.48 | 3.64 | 1.51 | 0.57 | 0.65 |
| Down Beta | 0.94 | 0.65 | 2.15 | 2.74 | 1.86 | 1.24 |
| Up Capture | 173% | 146% | 377% | 279% | 250% | 114% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 19 | 28 | 52 | 108 | 325 |
| Down Capture | -106% | -176% | 209% | 255% | 192% | 113% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 21 | 34 | 70 | 132 | 397 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DXLG | |
|---|---|---|---|---|
| DXLG | -38.8% | 90.7% | -0.16 | - |
| Sector ETF (XLY) | 12.8% | 18.3% | 0.52 | 24.3% |
| Equity (SPY) | 27.2% | 12.4% | 1.66 | 24.4% |
| Gold (GLD) | 25.8% | 27.4% | 0.82 | 10.2% |
| Commodities (DBC) | 23.3% | 18.9% | 0.98 | -1.9% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.69 | 10.1% |
| Bitcoin (BTCUSD) | -37.7% | 42.4% | -1.00 | 18.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DXLG | |
|---|---|---|---|---|
| DXLG | 26.5% | 1,395.3% | 0.43 | - |
| Sector ETF (XLY) | 7.6% | 23.8% | 0.27 | 1.9% |
| Equity (SPY) | 13.8% | 17.1% | 0.63 | 1.2% |
| Gold (GLD) | 17.6% | 18.2% | 0.78 | -0.8% |
| Commodities (DBC) | 7.8% | 19.4% | 0.30 | 1.8% |
| Real Estate (VNQ) | 2.5% | 18.8% | 0.04 | 2.5% |
| Bitcoin (BTCUSD) | 12.1% | 54.2% | 0.42 | -0.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DXLG | |
|---|---|---|---|---|
| DXLG | -17.4% | 1,005.0% | 0.30 | - |
| Sector ETF (XLY) | 12.7% | 22.1% | 0.53 | 2.3% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 1.7% |
| Gold (GLD) | 12.8% | 16.1% | 0.66 | -0.8% |
| Commodities (DBC) | 6.2% | 18.0% | 0.27 | 1.9% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 2.6% |
| Bitcoin (BTCUSD) | 60.7% | 66.8% | 1.00 | -0.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/12/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/3/2026 | -1.5% | 2.7% | |
| 3/19/2026 | -4.9% | -3.9% | 1.7% |
| 1/12/2026 | -4.2% | -12.3% | -37.7% |
| 8/27/2025 | 0.8% | 0.0% | 0.0% |
| 5/29/2025 | 10.2% | -8.5% | -4.2% |
| 3/20/2025 | -8.7% | -21.8% | -49.0% |
| 11/22/2024 | -10.1% | -6.6% | 1.2% |
| 8/29/2024 | -2.7% | -4.8% | 4.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 15 | 13 |
| # Negative | 12 | 10 | 11 |
| Median Positive | 4.8% | 4.5% | 2.6% |
| Median Negative | -5.0% | -9.1% | -14.2% |
| Max Positive | 57.2% | 80.3% | 2,882.1% |
| Max Negative | -17.8% | -21.8% | -49.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/3/2026 | -1.5% | 2.7% | |
| 3/19/2026 | -4.9% | -3.9% | 1.7% |
| 1/12/2026 | -4.2% | -12.3% | -37.7% |
| 8/27/2025 | 0.8% | 0.0% | 0.0% |
| 5/29/2025 | 10.2% | -8.5% | -4.2% |
| 3/20/2025 | -8.7% | -21.8% | -49.0% |
| 11/22/2024 | -10.1% | -6.6% | 1.2% |
| 8/29/2024 | -2.7% | -4.8% | 4.5% |
| 5/30/2024 | -7.6% | 2.8% | 2.0% |
| 3/21/2024 | -8.1% | -3.9% | -9.2% |
| 11/17/2023 | -3.8% | -14.5% | -4.9% |
| 8/24/2023 | 1.4% | 4.0% | 2.6% |
| 5/25/2023 | 5.0% | 10.0% | 33.9% |
| 3/16/2023 | 7.7% | -10.5% | -14.2% |
| 11/17/2022 | -4.9% | 5.0% | -10.7% |
| 8/25/2022 | 19.8% | 31.2% | 26.2% |
| 5/26/2022 | 4.8% | 16.0% | -8.1% |
| 3/17/2022 | 11.1% | 9.2% | 15.5% |
| 11/17/2021 | -5.1% | -9.7% | -37.3% |
| 8/31/2021 | 0.0% | 0.0% | 2,882.1% |
| 5/27/2021 | 0.0% | 0.0% | 0.0% |
| 3/18/2021 | 0.0% | 0.0% | 0.0% |
| 11/20/2020 | -17.8% | 4.5% | -44.1% |
| 8/27/2020 | 57.2% | 6.6% | -17.3% |
| 6/4/2020 | 0.8% | 80.3% | 61.9% |
| SUMMARY STATS | |||
| # Positive | 13 | 15 | 13 |
| # Negative | 12 | 10 | 11 |
| Median Positive | 4.8% | 4.5% | 2.6% |
| Median Negative | -5.0% | -9.1% | -14.2% |
| Max Positive | 57.2% | 80.3% | 2,882.1% |
| Max Negative | -17.8% | -21.8% | -49.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/03/2026 | 10-Q |
| 01/31/2026 | 03/19/2026 | 10-K |
| 10/31/2025 | 12/11/2025 | 10-Q |
| 07/31/2025 | 08/27/2025 | 10-Q |
| 04/30/2025 | 05/29/2025 | 10-Q |
| 01/31/2025 | 03/20/2025 | 10-K |
| 10/31/2024 | 11/22/2024 | 10-Q |
| 07/31/2024 | 08/29/2024 | 10-Q |
| 04/30/2024 | 05/30/2024 | 10-Q |
| 01/31/2024 | 03/21/2024 | 10-K |
| 10/31/2023 | 11/17/2023 | 10-Q |
| 07/31/2023 | 08/24/2023 | 10-Q |
| 04/30/2023 | 05/25/2023 | 10-Q |
| 01/31/2023 | 03/16/2023 | 10-K |
| 10/31/2022 | 11/17/2022 | 10-Q |
| 07/31/2022 | 08/25/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/03/2026 | 10-Q |
| 01/31/2026 | 03/19/2026 | 10-K |
| 10/31/2025 | 12/11/2025 | 10-Q |
| 07/31/2025 | 08/27/2025 | 10-Q |
| 04/30/2025 | 05/29/2025 | 10-Q |
| 01/31/2025 | 03/20/2025 | 10-K |
| 10/31/2024 | 11/22/2024 | 10-Q |
| 07/31/2024 | 08/29/2024 | 10-Q |
| 04/30/2024 | 05/30/2024 | 10-Q |
| 01/31/2024 | 03/21/2024 | 10-K |
| 10/31/2023 | 11/17/2023 | 10-Q |
| 07/31/2023 | 08/24/2023 | 10-Q |
| 04/30/2023 | 05/25/2023 | 10-Q |
| 01/31/2023 | 03/16/2023 | 10-K |
| 10/31/2022 | 11/17/2022 | 10-Q |
| 07/31/2022 | 08/25/2022 | 10-Q |
| 04/30/2022 | 05/26/2022 | 10-Q |
| 01/31/2022 | 03/17/2022 | 10-K |
| 10/31/2021 | 11/19/2021 | 10-Q |
| 07/31/2021 | 08/31/2021 | 10-Q |
| 04/30/2021 | 05/27/2021 | 10-Q |
| 01/31/2021 | 03/19/2021 | 10-K |
| 10/31/2020 | 11/20/2020 | 10-Q |
| 07/31/2020 | 08/27/2020 | 10-Q |
| 04/30/2020 | 06/04/2020 | 10-Q |
| 01/31/2020 | 03/19/2020 | 10-K |
| 10/31/2019 | 11/22/2019 | 10-Q |
| 07/31/2019 | 08/28/2019 | 10-Q |
Recent Forward Guidance
Updated 6/4/2026Latest: Q1 2026 Earnings Reported 6/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Marketing Costs | 0.06 | ||||||
| 2026 Capital Expenditures | 8.00 Mil | 10.00 Mil | 12.00 Mil | 0 | Affirmed | Guidance: 10.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 3/19/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 1.20 Bil | ||||||
| 2026 Annual run-rate cost synergies | 25.00 Mil | ||||||
| 2026 Capital Expenditures | 8.00 Mil | 10.00 Mil | 12.00 Mil | ||||
| 2026 Tariff impact on gross margin | 1.5% | ||||||
| 2026 Private-brand penetration | 0.6 | 5.3% | 3.0% | Higher New | Actual: 0.57 for 2025 | ||
| 2027 Private-brand penetration | 0.65 | ||||||
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Apparel Retail Resources |
| Apparel News |
| Just Style |
| Sourcing Journal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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