Destination XL Group (OTCMKTS:DXLG) is one the active stock gainers in Thursday’s trading session and made a new 52-week high after quarterly results.
Destination XL Group, Inc. Reports First Quarter Financial Results
- Total sales for the first quarter were $111.5 million, up 94.8% from $57.2 million in the first quarter of fiscal 2020 and down 1.3% from $113.0 million in the first quarter of fiscal 2019. Compared to the first quarter of fiscal 2019, comparable sales increased 3.7%.
- Net income for the first quarter was $8.7 million, or $0.14 per diluted share, as compared to a net loss of $(41.7) million, or $(0.82) per diluted share, in the first quarter of fiscal 2020 and a net loss of $(3.1) million, or $(0.06) per diluted share, in the first quarter of fiscal 2019.
- Adjusted net income for the first quarter was $0.09 per diluted share as compared to an adjusted net loss of $(0.37) per diluted share in the first quarter of fiscal 2020 and an adjusted net loss of $(0.04) per diluted share, in the first quarter of fiscal 2019.
- Adjusted EBITDA for the first quarter was $13.7 million compared to $(18.9) million in the first quarter of fiscal 2020 and $4.8 million in the first quarter of fiscal 2019.
- At May 1, 2021, total debt, net of cash was $44.3 million as compared to $68.2 million at May 2, 2020 and $72.3 million at May 4, 2019. Remaining availability under our credit facility was $51.1 million at May 1, 2021 as compared to $16.8 million at May 2, 2020 and $32.2 million at May 4, 2019.
Market Action
As of 10:25, DXLG stock is trading up by 12.85% to $2.76. The stock has witnessed a total volume with 5.365 million shares, compared to its average volume of 355K. The stock has moved within a range of $ 2.4800 – 2.9900 after opening the trade at $2.48.
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