Destination XL FY26 Q2 swings to profit of $2 million; sales fall 3.4% to $111.6 million
DXLG•Destination XL reports fiscal Q2 profit as sales decline
- Destination XL posted fiscal Q2 net income of $2 million, returning to profit from a loss a year earlier; EPS was $0.04.
- Net sales fell 3.4% to $111.6 million, with comparable sales down 3.5% versus the prior-year quarter.
- Gross margin widened 2.7 percentage points to 47.9%, boosted by a $4.6 million tariff refund.
- Adjusted EBITDA rose to $7.7 million from $4.7 million a year earlier, reflecting the tariff refund benefit.
- The board said the FullBeauty merger is no longer advisable; FiTMAP is in 188 stores, with more than 150,000 customer engagements.
