Destination XL Sees Lower Holiday Sales, Comp Sales Decrease

Destination XL Group, a specialty retailer, said pre-market Monday that total sales for the nine-week holiday sales period ending Dec. 31 decreased to $97.9 million from $98.2 million for the same period last year. Comparable sales for the same period were down 1.4%.

Destination XL updated guidance to the low end of its previously-announced sales, EBITDA and earnings range for the year. In November the company projected total sales of $451 million to $457 million, EBITDA in the range of $30 million to $33 million, and an adjusted net loss of $2.6 million, or a loss of $0.05 per share, to breakeven. Analysts expect a loss of $0.03 per share and revenues of $455.3 million for the year.

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