Destination XL Reports Holiday Sales Of $94.7M Vs $102.4m YoY, Expects FY24 Sales Of $467.0M-$470.0M (Prior $470M) Vs $469M Est

Author: Benzinga Newsdesk | January 13, 2025 08:21am

• Total sales were $94.7 million compared to $102.4 million for the 9-week holiday sales period ended December 28, 2023.
• Comparable sales for the same 9-week holiday period decreased 7.4%, with comparable sales from stores down 6.2% and the direct business down 10.0%.

Based on the holiday sales results and expectations for the remainder of the fourth quarter, the Company is updating its guidance for fiscal 2024 as follows:

• Total sales for fiscal 2024 are expected to be $467.0 to $470.0 million, a slight decrease from its previous guidance of $470.0 million. 
• Adjusted EBITDA margin of 4.2% to 4.5%, as compared to its previous guidance of 4.5%. Adjusted EBITDA margin is a non-GAAP financial measure. 

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