Destination XL Group, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On May 30, 2024, Destination XL issued a press release “report[ing] operating results for the first quarter of fiscal 2024, and updated sales and earnings guidance for the fiscal year.” Among other items, Destination XL reported revenue of $115.5 million, representing a 7.9% year-over-year decline and missing consensus estimates by $2.4 million. Destination XL also stated that “[b]ased on our current sales trends, we are guiding to the low-end of our previous sales guidance, which is $500 million vs. $515.05M consensus (prior $500.0 – $530.0 million), with a mid-single digit decrease in comparable sales.”
On this news, Destination XL’s stock price fell $0.27 per share, or 7.56%, to close at $3.30 per share on May 30, 2024.
