Destination XL Group, Inc. Announces Holiday Sales Results
November/December Sales by Month:
- For November, total sales increased 2.2% to
$37.4 millioncompared to $36.6 millionlast year. Comparable sales for November increased 0.9% compared to a decline of 0.9% last year.
- For December, total sales increased 4.2% to
$63.9 millioncompared to $61.3 millionlast year. Comparable sales for December increased 4.3% compared to a decline of 1.7% last year.
Based on the holiday sales results and expectations for the remainder of the fourth quarter, the Company expects to achieve the low-end of the range of its previously announced guidance for fiscal 2017. The Company plans to report its actual fourth-quarter and fiscal 2017 financial results on
The presentation will be webcast live and available for replay in the Investor Relations section of Destination XL's website at investor.destinationxl.com
About Destination XL Group, Inc.
Certain statements and information contained in this press release constitute forward-looking statements under the federal securities laws, including statements regarding the Company's expectations with respect earnings for fiscal 2017. The discussion of forward-looking information requires management of the Company to make certain estimates and assumptions regarding the Company's strategic direction and the effect of such plans on the Company's financial results. The Company's actual results may differ materially from forward-looking statements made by the Company. The Company encourages readers of forward-looking information concerning the Company to refer to its filings with the
Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The Company undertakes no obligation and expressly disclaims any duty to update such statements.
ICR, Inc. Tom Filandro646-277-1200
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