OverviewSuggest Edit

Destination XL Group operates as a specialty retailer of big and tall men’s apparel. Its stores offer sportswear and dress wear; shoes; accessories, such as belts, ties, and socks; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; casual clothing; and lifestyle products comprising chairs, outdoor accessories, travel accessories, bed and bath products, and fitness equipment. The Сompany offers its products under the Destination XL, DXL, DXL Men’s Apparel, DXL outlets, Casual Male XL, Casual Male XL outlets, Rochester Clothing, ShoesXL, and LivingXL brands.

TypePublic
Founded1976
HQCanton, MA, US
Websitedxl.com
Employee Ratings3.7
Overall CultureB-

Latest Updates

Employees (est.) (Jan 2021)1,316(-44%)
Job Openings160
Revenue (FY, 2020)$318.9 M(-32%)
Share Price (May 2022)$4.4(+6%)
Cybersecurity ratingCMore
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Key People/Management at Destination XL Group

Lionel F. Conacher

Lionel F. Conacher

Chairman of the Board
Harvey S. Kanter

Harvey S. Kanter

President, Chief Executive Officer and Director
Peter H. Stratton

Peter H. Stratton

Executive Vice President, Chief Financial Officer and Treasurer
Jack Boyle

Jack Boyle

Director
Robert S. Molloy

Robert S. Molloy

General Counsel and Secretary
Will Mesdag

Will Mesdag

Director
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Destination XL Group Office Locations

Destination XL Group has offices in Canton, Akron, Albertville, Albuquerque and in 96 other locations
Canton, MA, US (HQ)
555 Turnpike St
Akron, OH, US
4014 Medina Rd B
Albertville, MN, US
6500 Labeaux Ave NE Unit D040
Albuquerque, NM, US
6601 Menaul Blvd NE
Allen, TX, US
190 E Stacy Rd #308
Alpharetta, GA, US
6110 North Point Pkwy
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Destination XL Group Financials and Metrics

Destination XL Group Revenue

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Destination XL Group's revenue was reported to be $318.95 m in FY, 2020 which is a 32.7% decrease from the previous period.
USD

Revenue (Q3, 2021)

121.5m

Gross profit (Q3, 2021)

61.0m

Gross profit margin (Q3, 2021), %

50.2%

Net income (Q3, 2021)

13.7m

EBIT (Q3, 2021)

15.9m

Market capitalization (13-May-2022)

275.8m

Closing stock price (13-May-2022)

4.4

Cash (30-Oct-2021)

6.9m

EV

418.3m
Destination XL Group's current market capitalization is $275.8 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

473.8m474.0m318.9m

Revenue growth, %

0%(33%)

Cost of goods sold

262.5m269.8m214.1m

Gross profit

211.3m204.2m104.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

113.0m123.2m106.6m57.2m76.4m85.2m111.5m138.6m121.5m

Cost of goods sold

63.6m68.7m62.8m44.0m54.9m54.1m60.7m67.0m60.5m

Gross profit

49.4m54.6m43.8m13.2m21.5m31.1m50.8m71.6m61.0m

Gross profit Margin, %

44%44%41%23%28%36%46%52%50%
Annual
USDFY, 2018FY, 2019FY, 2021

Cash

4.9m4.3m19.0m

Accounts Receivable

4.4m6.2m6.4m

Inventories

106.8m102.4m85.0m

Current Assets

127.7m123.9m114.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

6.8m5.5m5.5m26.1m20.4m21.4m5.8m5.8m6.9m

Accounts Receivable

3.8m4.4m3.9m1.9m2.6m5.2m4.7m2.0m1.6m

Inventories

112.3m110.4m120.2m108.3m87.4m94.9m88.4m73.4m82.3m

Current Assets

134.6m132.7m141.2m141.4m120.3m127.1m105.3m87.0m97.8m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(13.5m)(7.8m)(64.5m)

Depreciation and Amortization

28.7m24.6m21.5m

Inventories

(3.5m)4.4m17.4m

Accounts Payable

431.0k(2.7m)(4.7m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(3.1m)(3.0m)(10.2m)(41.7m)(52.4m)(59.5m)8.7m33.1m46.8m

Depreciation and Amortization

6.3m12.5m18.9m5.7m11.1m16.4m4.5m8.9m13.0m

Inventories

(5.5m)(3.5m)(13.4m)(5.9m)15.0m7.5m(3.4m)11.7m2.7m

Accounts Payable

(11.0m)2.5m(7.4m)98.0k(13.2m)(3.2m)4.5m(7.2m)2.7m
USDFY, 2019

Revenue/Employee

186.3k

Debt/Equity

1 x

Debt/Assets

0.3 x

Financial Leverage

3.9 x
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Destination XL Group Operating Metrics

Destination XL Group's Stores was reported to be 344 in Q1, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Retail Space, sq. ft.

1.98 m2.03 m2.04 m2.05 m2.03 m2.05 m2.08 m2.13 m2.11 m2.15 m

Stores

353357354354345345348352343344
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Destination XL Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Canton PL Liquidating Corp.
Capture, LLC 
Casual Male Direct, LLC
Casual Male (EUROPE) LLC
Casual Male RBT, LLC
Casual Male RBT (U.K.) LLC 
Casual Male Retail Store, LLC
Casual Male Store, LLC
CMRG Apparel, LLC
CMRG Apparel Management, Inc.
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Destination XL Group Revenue Breakdown

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Destination XL Group revenue breakdown by business segment: 94.8% from Retail and 5.2% from Wholesale

Destination XL Group Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

Destination XL Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Destination XL Group Online and Social Media Presence

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Destination XL Group Company Culture

  • Overall Culture

    B-

    71/100

  • CEO Rating

    A

    77/100

  • Compensation

    C

    62/100

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Destination XL Group News and Updates

Destination XL Group, Inc. to Announce First Quarter 2022 Financial Results on May 26, 2022

Company to Webcast Conference Call Live at 9:00 a.m. ET Company to Webcast Conference Call Live at 9:00 a.m. ET

Destination XL Group, Inc. Announces A Three-Year Extension with Harvey S. Kanter to Continue as its President and Chief Executive Officer

CANTON, Mass., April 05, 2022 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the largest omni-channel specialty retailer of big & tall men’s apparel in the United States (the “Company”), announced that its Board of Directors (the “Board”) has extended Harvey S. Kanter’s role as…

Destination XL Group, Inc. Reports Fiscal 2021 Fourth-Quarter and Full-Year Financial Results

Reports Record Annual Sales and Profit;Full-Year Sales of $505 Million, Net Income of $56.7 million, $0.83 EPS,Adjusted EBITDA of $76.9 millionAnnounces $15.0 Million Stock Repurchase Program

Destination XL Group, Inc. to Announce Fourth Quarter and Fiscal 2021 Financial Results on March 17, 2022

Company to Webcast Conference Call Live at 9:00 a.m. ET Company to Webcast Conference Call Live at 9:00 a.m. ET

Destination XL Group, Inc. Reports Holiday Sales Results

Updates Guidance increasing Net Income and Adjusted EBITDA, while narrowing Sales Updates Guidance increasing Net Income and Adjusted EBITDA, while narrowing Sales

Destination XL Group, Inc. Appoints Retail Veteran Carmen R. Bauza to Board of Directors

CANTON, Mass., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the largest omni-channel specialty retailer of big and tall men’s clothing and shoes, announced today that on Friday, December 17th, it appointed Carmen R. Bauza, 59, to the Company’s Board of Directors. Sh…
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Destination XL Group Frequently Asked Questions

  • When was Destination XL Group founded?

    Destination XL Group was founded in 1976.

  • Who are Destination XL Group key executives?

    Destination XL Group's key executives are Lionel F. Conacher, Harvey S. Kanter and Peter H. Stratton.

  • How many employees does Destination XL Group have?

    Destination XL Group has 1,316 employees.

  • What is Destination XL Group revenue?

    Latest Destination XL Group annual revenue is $318.9 m.

  • What is Destination XL Group revenue per employee?

    Latest Destination XL Group revenue per employee is $242.4 k.

  • Who are Destination XL Group competitors?

    Competitors of Destination XL Group include Express, Revolve and Pomelo.

  • Where is Destination XL Group headquarters?

    Destination XL Group headquarters is located at 555 Turnpike St, Canton.

  • Where are Destination XL Group offices?

    Destination XL Group has offices in Canton, Akron, Albertville, Albuquerque and in 96 other locations.

  • How many offices does Destination XL Group have?

    Destination XL Group has 100 offices.