Destination XL Group Reports Q2 Sales Drop of 7.5%, Posts Breakeven Net Loss Per Share
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Destination XL Group, Inc. reported a 7.5% decline in Q2 sales, totaling $115.5 million, compared to $124.8 million in Q2 2024. The company experienced a net loss of $0.3 million, down from a net income of $2.4 million last year. Adjusted EBITDA fell to $4.6 million from $6.5 million. Cash flow from operations was negative at $2.1 million, a significant drop from $16.0 million in the same period last year. The company has extended its credit facility to August 2030.
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