Destination XL Group (DXLG) Tops Q1 EPS by 13c, Offers Guidance

Destination XL Group (NASDAQ: DXLG) reported Q1 EPS of $0.20, $0.13 better than the analyst estimate of $0.07. Revenue for the quarter came in at $121.5 million versus the consensus estimate of $115.7 million.

GUIDANCE:

Destination XL Group sees FY2021 EPS of $0.72-$0.80, versus the consensus of $0.72. Destination XL Group sees FY2021 revenue of $500-510 million, versus the consensus of $517.9 million.

• Sales of approximately $500.0 million to $510.0 million (an increase from our previously revised guidance of approximately $490.0 million to $505.0 million).
• Adjusted EBITDA of approximately $70.0 million to $75.0 million (an increase from our previously revised guidance of approximately $65.0 million to $72.0 million).
• Net income is expected to be $0.72 to $0.80 per diluted share (an increase from our previously revised guidance of approximately $0.64 to $0.76 per diluted share).
• Free cash flow in excess of $55.0 million (an increase from our previously revised guidance of in excess of $50.0 million).

For earnings history and earnings-related data on Destination XL Group (DXLG) click here.

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